Sea Ltd's FY18 losses widen as Shopee weighs on earnings

Sea Ltd's FY18 losses widen as Shopee weighs on earnings

Photo: Sea Group

Sea Ltd’s losses widened in 2018 as its e-commerce unit Shopee continued to weigh on earnings. The firm’s adjusted EBITDA losses for FY18 jumped 109 per cent to $694 million from $332 million in the previous year.

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