On July 1, Sea Ltd rose 3.63% in regular trading, trading at approximately $101.08/share, with turnover of $134 million.
On the news front, the broadline retail sector rallied collectively, with PDD Holdings up 6.08%, JD.com up 3.04%, Alibaba up 3.02%, and MercadoLibre up 2.91%, providing broad sector momentum. Simultaneously, the company's AI overseas expansion strategy continues to catalyze market expectations for a new growth curve. Sea recently launched Migoo, an AI companion chatbot, targeting the US consumer market — marking its first foray into the competitive American landscape. Additionally, the company has established a dedicated team reporting directly to the President's Office to identify global AI investment opportunities, signaling management's high-priority commitment to AI initiatives.
Fundamentally, Sea reported Q1 revenue of $7.1 billion, up 46.6% year-over-year, with Shopee GMV growing 30% and SeaMoney loan volume surging 70%. The company maintained its full-year GMV growth guidance of 25%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)