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Tencent to Cut Stake in Singapore Tech Group Sea

Tencent to Cut Stake in Singapore Tech Group Sea

Jan 05, 2022
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Tencent to Cut Stake in Singapore Tech Group Sea
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Chinese game giant Tencent said on Tuesday it would cut its stake in Singapore-based gaming and e-commerce firm Sea Ltd., reducing its voting power to under 10%.

Founded by Li Xiaodong in 2009, Sea has three major business platforms: Shopee for e-commerce, Garena for online gaming, and SeaMoney for digital finance. Li Xiaodong graduated from the Engineer…

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