Forrest Li, chairman and group chief executive officer of Sea Ltd.Wei Leng Tay/Bloomberg Digital gaming and e-commerce firm Sea Ltd. posted its first-ever quarterly profit, sending its New York-listed shares soaring and boosting the fortunes of its billionaire cofounder Forrest Li by $919 million overnight. Sea reported late Tuesday a net profit of $422.8 million for the fourth quarter, reversing a year earlier net loss of $616.3 million. Its total revenue improved 7.1% to $3.4 billion, and e-commerce platform Shopee also became profitable…. Click below to read the full story from Forbes
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Billionaire Forrest Li’s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit
