Sea's Shopee exits France a few months into Europe foray
The pullback marks another blow abroad for Sea, whose signature game Free Fire was banned in India last month. . Read more at straitstimes.com.
Source: straitstimes.com
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Sea loses title of biggest Southeast Asia firm to Indonesia bank
Sea Ltd lost its title as Southeast Asia’s biggest publicly traded company after its shares plunged to an 18-month low. The Singapore-based internet company was overtaken by Indonesian lender PT Bank Central Asia after its American depositary receipts slumped to US$120.52 on Wednesday in New York. Its market value of US$66.9 billion is down from a peak of US$202.6 billion in October. Bank Central Asia’s market value is US$68.5 billion, and Singapore’s DBS Group Holdings Ltd is close behind at US$66.1 billion.
Source: theedgemarkets.com
Market Outlook: Fund manager beating 95% of peers shares top themes
Matt Moberg's DynaTech Fund has beaten 95% of its category peers over the past five years. It looks for innovation leaders with superior management that benefit from new industry conditions. He laid out four trends he sees shaping today's economy that are rich investment backdrops. There is no doubt that COVID-19 has brought a lot of loss to the world. But at the same time, it has helped to accelerate innovation across industries as it's forced people and businesses to adapt to more constricted environments than they were accustomed to. Decades-long digital disruptions took place in just mo...
Source: businessinsider.com