Without a doubt, Singapore’s Sea Group has been aggressive in its expansion this year. Yet, retail investors of the Southeast Asian tech giant may be showing the first signs of wavering confidence after pushing its share price up throughout 2020 and most of 2021.
Between August and October this year, barely a week went by without a Sea Group announcement about Shopee expanding its geographical footprint. The e-commerce unit launched in Poland, Spain, France, and India this year.