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Sea Limited considers cloud business expansion and fintech spin-off

The Motley Fool +1 ·

SE Sea Ltd ADR
$74.63 -1.40%
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  1. 1Sea Limited wants to open its cloud infrastructure to external customers.
  2. 2CEO Forrest Lee is considering a spin-off of the fintech unit, Monee.
  3. 3Sea Limited has seen a decline of more than 17% since October 15.

So what's the key point?

Sea Limited is looking into expanding its cloud business and separating its financial division. The stock price has fallen by more than 17% since October 15.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Sea Limited Announces Fintech Spin-off and Transition to AI Cloud Company The Motley Fool +1 · 15h agoSea CEO Mentions Potential IPO for Financial Services Unit Monee The Wall Street Journal +2 · 3d agoMorgan Stanley raises target price for SE from $130 to $153 GuruFocus.com +2 · Aug 13
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