Ultima Markets[Market Hotspot] Southeast Asia's "Little Tencent"SEA Seasonal revenue and...

3month 4 On Monday, Donghai GroupSea Limited （SE.US） Announce the sales revenue for the fourth quarter as 36.2 Billion US dollars, loss per share 19 cent, Better than analyst's estimated revenue 35.7 Billion US dollars and loss per share 20 cent.

Donghai Group is an important internet service provider in Southeast Asia, providing businesses in areas such as digital entertainment, online shopping, digital payments, and financial services.

The financial performance of this quarter may alleviate people's concerns about its e-commerce platform XiapiShopeeConcerns about slowing expansion. Facing ByteDance flag TikTok And Alibaba （BABA.US） ofLazada Strong competition,Shopee We are striving to maintain our advantage.

Last quarter, Donghai Group's total e-commerce sales revenue （GMV） Extraordinary performance, increasing year by year 23% to 26 USD100mn In addition, CEO Li Xiaodong announced that the group expects 2024 year Shopee The total transaction volume of goods will significantly increase, reaching a high double-digit range. Last year, its e-commerce business GMV Annual increase 7% come785 USD100mn Li Xiaodong further revealed that,Shopee AdjustedEBITDA I will become a full-time employee in the second half of the year.

The other businesses of the group are lagging behind. Another major business, the digital entertainment department, saw a decrease in sales in the fourth quarter46%to5.11USD100mn Due to the lack of open source new products, the financial report numbers were lower than expected 5.46 USD100mn

Faced with fierce competition, Li Xiaodong had already8Monthly launch expansion Shopee Investment plan. He is accelerating the pace of his live streaming business, although it may lower profit margins and trigger conflicts with othersTikTok Attack and defend against opponents such as Alibaba. However, he believes that this is crucial for maintaining its market position.

(SEAAnnual chart of stock price performance)

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