Garena – Parent company posts USD 1.46 billion net loss for 2019

In an astonishing financial report revealed by Sea Limited (parent company of Garena) recently, a hefty net loss of USD 1.46 billion was posted for the full year of 2019. Other than Garena, Sea Limited has other subsidiaries such as Shopee and a new financial outfit, SEAMoney. According to a report, USD 1 billion of the losses came from Shopee, a thriving e-commerce platform for the Southeast Asia region. Since 2017, Sea Limited has made a net loss of nearly USD 3 billion! While we do wonder how in the blue hell they are still expanding, Garena’s games such as Free Fire is doing really well. Will the bubble burst tho?