Keep pulling the thread on Forrest Li.
SEA is the largest technology company in Southeast Asia.
SEA's game, Free Fire, is the largest mobile game in the world by daily active users.
The mobile game Free Fire has over 100 million daily active users across more than 130 countries.
SEA grew from a $1 billion valuation to a $100 billion market capitalization over a ten-year period, a 100-fold increase in value.
Shopee holds nearly 50% of the e-commerce market share in Southeast Asia.
Shopee has successfully competed against rivals including Alibaba and TikTok in the Southeast Asian market.
Shopee's in-house logistics capability is a key differentiator, making it the only e-commerce player in Southeast Asia to have built such an extensive network.
AI-powered chatbots now handle 80% of customer inquiries for SEA's e-commerce business.
SeaMoney has become the largest digital lender for consumer consumption in Southeast Asia.
SeaMoney's loan book has grown to over $7 billion.
Forest Lee believes AI will be the key driver for SEA to potentially become a trillion-dollar company.
During a recent difficult financial period, SEA implemented cost-cutting measures that included exiting markets, closing new businesses, freezing salaries, and withholding bonuses.