Product Code Database
Sea Limited (stylized as: sea) is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
Since 2020, Sea is also the owner of Singapore Premier League football club Lion City Sailors FC, after Forrest Li acquired, privatised and renamed Home United.
By 2014, Garena was valued at 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion.
In 2020, Sea joined the Infocomm Media Development Authority (IMDA) in Singapore to hire and train 500 Singaporeans in technical roles over the course of two years. It was the largest company-led training initiative under IMDA's TechSkills Accelerator program.
In 2021, Sea gave a S$50 million gift to the National University of Singapore's (NUS) School of Computing for research and education in areas such as artificial intelligence and data science, making it the largest corporate gift the university had received. Sea and NUS officially opened two new buildings in January 2025, the Sea Building and Sea Connect, at the NUS School of Computing.
On 9 September 2021, Sea raised US$6 billion in an equity and convertible bond sale, making it Southeast Asia's largest fund raising. Sea said it planned to use the cash for strategic investments and potential acquisitions.
In January 2022, Tencent, the Chinese gaming giant, offloaded a US$3 billion investment in Sea. In the same year, Sea discontinued its investment division and ceased new equity investments.
In March 2023, Sea opened its digital bank, Maribank, after securing a digital full bank license from Monetary Authority of Singapore. It also owned banking license in Malaysia, Indonesia and Philippines. In 2025, Maribank launched a new banking group to expand digital banking services in Southeast Asia.
In March 2024, Sea posted its first profitable year since its IPO with an annual net income of US$162.7 million for the 2023 financial year.
On May 8, 2025, the SeaMoney rebranding to Monee occurred alongside the opening of Monee's global headquarters for digital financial services at Rochester Commons in Singapore. As part of the expansion, Monee will be investing in product management, artificial intelligence and anti-money laundering.
In 2017, Garena developed Free Fire, an online action-adventure game that became the most downloaded game on the Google Play Store in 2019.
Following a decline in profit in 2022, Sea reported that it had stabilized the performance of its digital entertainment business in 2023. The company indicated that Garena had maintained steady demand for its popular title, Free Fire, which achieved a peak of over 100 million daily active users in February 2024.
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