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Forrest Li
Digital Economy
Gaming billionaire Li's wealth plunge accelerates to US$10 billion after Tencent sale
Forrest Li is now Singapore's third-richest person
January 05, 2022
Digital Economy
Tencent sells a stake in Sea for US$3 billion
The divestment will provide Tencent with "resources to fund other investments and social initiatives".
January 04, 2022
Company in the news
Sea Limited co-founder becomes Singapore's richest person with US$20 bil fortune
Sea Limited's Forrest Li is now worth US$19.8 billion, according to the Bloomberg Billionaires Index.
August 31, 2021
Startups, Entrepreneurs, Digital economy
Sea is in troubled waters
With a stock price that is 30x FY2019 revenue, is Sea, the creator of Free Fire mobile game, nothing but a one-trick pony?
October 09, 2020
Tech
Sea and IMDA to create 500 tech job opportunities in partnership
The programme will benefit 500 Singaporeans comprising 400 entry-level and 100 mid-career jobseekers.
October 02, 2020
Global Economy
Briefs
Quoteworthy: “This can’t be another woulda, coulda, shoulda election. No matter what, vote.” –— Hilary Clinton, who is urging Americans to make their views count at the ballot box.
August 21, 2020
Company in the news
SEA Ltd gains another 9% after doubling revenue
Sea’s total revenue rose to US$882 million ($1.20 billion) in the three months ended June, driven by growth at e-commerce platform Shopee and gaming arm Garena.
August 19, 2020
Finance
How Singapore nurtured foreign trio who became billionaires
David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.
August 11, 2020
US stocks
The world's hottest stock is a money-losing tech giant soaring 880%
It gets far less attention than Tesla, the FAANGs or even the Robinhood flavour of the week. Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock.
August 06, 2020
In print this week
DBS and Sea: Two ends of a barbell?
Sea offers growth potential in Fintech while DBS offers yield and stability
July 09, 2020