Important Factors That Drove Sea Limited Stock Up 18% in April
Monday, 6 May 2024, 14:03
Factors Driving Sea Limited Stock Surge
Sea Limited (NYSE: SE) experienced a substantial stock increase in April, surpassing the S&P 500.
Optimism Amid Rising E-commerce Commissions
Sea Limited's stock rose due to TikTok significantly raising its e-commerce commissions, benefitting Shopee.
- TikTok Shop's commission hike from 2% to 8%
- Potential for Shopee to attract sellers or raise prices
Shopee's Importance to Sea
Shopee contributes 72% of Sea's revenue, albeit with negative EBITDA of $214 million in 2023.
The company's focus on maximizing Shopee's potential reflects investors' positive outlook for Sea's future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.