Shopee, the Amazon of Southeast Asia, has been on a layoff spree within a year of raising $6 billion. We dug into the financials for an inside look.
In March, Shopee also several job offers, the South China Morning Post reported. Among those was an offer extended to a Chinese national, who discovered that the offer had been pulled when he landed in Singapore along with his wife and dog.
Li wrote that the company has a"solid cash base" but warned that"we can easily run through this cash base if we are not careful, and with investors fleeing for 'safe haven' investments, we do not anticipate being able to raise funds in the market." He also outlined a series of cost-cutting measures the company would be taking, including top-level executives temporarily forgoing salaries.Numbers paint a bleak picture.
However, the company's losses are also mounting. Sea Limited reported a loss of $931.2 million in the second quarter of 2022, widening significantly from a net loss of $433.7 million in the second quarter of 2021 and on the tail of two straight quarters of losses.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Midnight Suns' Magik Gameplay Deep Dive Shows Portal-Heavy Hero in ActionFiraxis Games released a gameplay deep dive for Midnight Suns that focuses on Magik, Marvel's sorceress that specializes in teleportation.
Lire la suite »
Mets ace deGrom tagged, NL East lead cut in loss to A'sThe Mets lost to the Oakland Athletics on Saturday to see their lead cut in the NL East race.
Lire la suite »
Why the Apple/NFL Super Bowl Deal Matters to New Hollywood and Sports Viewing | HackerNoonRead this post to understand why Apple Music became the NFL's official partner for the Super Bowl Halftime Show and why the deal matters to sports streaming.
Lire la suite »
Billy Beane talks baseball, his career and what he learned watching Warren Buffett - San Francisco Business TimesAt the tipalti Illuminate tech conference in San Francisco, longtime Oakland A's executive Billy Beane had fun discussing his pioneering role in developing the use of data in sports. Athletics
Lire la suite »