Movement Alert｜Sea Ltd Rises 3.04% in Regular Trading, Shopee-Meta Partnership Continues to Boost Market Sentiment

Market Focus07-10 21:38

On July 10, Sea Ltd rose 3.04% in regular trading, trading at $113.81/share, with turnover of $56.98 million, extending the previous session's rally.

On the news front, Shopee recently deepened its collaboration with Meta by launching an Instagram affiliate program, which continues to drive positive market sentiment. The partnership enables Shopee to leverage Instagram's massive user base across Southeast Asia and Latin America to expand its e-commerce reach.

Additionally, Sea's strong Q1 earnings continue to provide fundamental support. The company reported revenue of $7.097 billion, up 46.6% year-over-year and above the $6.413 billion consensus estimate, while Shopee GMV grew 30%. Within the Broadline Retail sector, peers also traded higher, with Alibaba up 2.05%, JD.com up 2.14%, PDD Holdings up 1.6%, MercadoLibre up 1.16%, and Amazon up 0.64%.

(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.)

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