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2024-12-16 06:11:41

Maybank expects e-commerce/on-demand services growth for Singapore internet firms to be sustained over the medium term
Maybank Investment Bank said Monday that it expects core e-commerce/on-demand services growth of internet companies in Singapore to be sustained over the medium term owing to under-penetration. The research house said in a note that it thinks fintech growth could lead, piggybacking on core services as well as from the low base effect. “As an ecosystem play, fintech cash burn could be...

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News Global

added blog Networking
2024-11-13 15:31:17

Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore’s consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth. The firm said in a statement that its total gross profit for the quarter was $1.9 billion, also up 29.1 percent year-on-year. Its total net income was $153.3 million, as...

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