2Q21: E-Commerce Growth Momentum Remains StrongSea reported solid revenue growth of US$2.28b (+158.6% yoy, +29.3% qoq), which came in above estimate due to better-than-expected performance from the self-developed hit game, Free Fire. E-commerce growth momentum is tracking well within expectations; gross orders (+127.4% yoy, +27.3% qoq) and GMV (+87.5% yoy, +19.0% qoq) are being driven […]

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