Sea Limited (NYSE: SE) has fallen from grace lately as it faces challenges from the post-pandemic effects and the weak global economies. Sea's management team responded by pivoting from growth to self-sufficiency and profitability to deal with these challenges.
Sea Limited Sponsored ADR (SE) closed at $64.45 in the latest trading session, marking a -0.25% move from the prior day.
China's JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from Southeast Asia after a bruising year for China's retail and technology sectors. JD.com will end its services in Thailand from March 3 and in Indonesia from the end of the same month, its local websites showed. A spokesperson for JD.com said in a statement on Monday that the company will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.