Sea Overtakes DBS as Southeast Asia’s Most Valuable Company

Sea Limited, the Singaporean tech conglomerate, has regained its position as the most valuable publicly traded company in Southeast Asia, surpassing DBS Group Holdings, the region's largest bank. This comeback was driven by a remarkable 300% rally in the share price of Sea's e-commerce arm, Shopee. The article highlights Sea's rapid growth and the increasing importance of its digital businesses, particularly Shopee, which has become a dominant force in the region's e-commerce landscape. The company's diversified portfolio, which includes online gaming and digital financial services, has contributed to its overall success and resilience in the face of market volatility. The article suggests that Sea's ability to capitalize on the region's growing digital economy and its strong performance in the e-commerce segment have been key factors in its rise to the top of the Southeast Asian market capitalization rankings.