Today's video focuses on Sea Limited's (SE 0.38%) e-commerce expansion into India, how it will maximize the company's chances of success, and what it means for investors. Here are some highlights from the video.
- Reuters reports that Sea Limited is expanding its e-commerce applications in India. Sea Limited already has a strong presence in India with its game Free Fire and will use this to its advantage in driving new users to the Shopee e-commerce application. Sea Limited will also be using strong incentives like free shipping and low (or nonexistent) fees to attract more users to its platform.
- For Aug. 29, App Annie reported that Free Fire was the No. 1 grossing game on Google Play for India, the United States, and Brazil. Shopee was the No. 2 overall downloaded app in Brazil.
- Sea Limited is releasing Free Fire Max, an upgraded version of Free Fire. The upgraded version has improved graphics, which makes it more demanding on hardware. The games are cross-playable, which means players will be able to play with each other no matter which version of the game each is using.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Aug. 30, 2021. The video was published on Aug. 30, 2021.