Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.

Institution	Shares	Value	Change
Baillie Gifford	38,409,385	$3.7B	DECREASED
T. Rowe Price	35,638,546	$3.4B	INCREASED
WCM Investment Management	33,881,192	$3.1B	INCREASED
BlackRock	21,183,402	$2.0B	INCREASED
FMR	15,403,524	$1.5B	INCREASED

Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) Ownership & Trading Activity

Top Institutional Holders