drill down digging into the content and crafting a compelling summary to 2000 words in six paragraphs in English
1. Profitability of Sea Ltd. & Growth of the Company
In 2024, Sea Ltd., a global e-commerce and gaming company, reported solid profitability, which boosts its stock value by over two days. The company continued to rally its shares and目睹 significant gains. With a net profit of $237.6 million, beating the expectations by 175%, Sea Ltd.’s total profit reached $447.8 million, which marked the highest it had seen in a single year. This year, the company delivered a strong fourth-quarter performance, with all three business segments narrowing to double-digit growth. This growth was well beyond the projected guidance, providing Lil waterGrid with a positive year ahead.
2. For herbilNamed chairman Forrest Li’s financial journey
Third-half 2024 is also highlighting the importance of Forrest Li, Sea Ltd.’s billionaire chairman. Since the company’s inception, Li, who is a co-founder along with Gang Ye and David Chen, has seen profitable achievements across all of his ventures. On Tuesday’s record, Li emphasized the year’s continued success, acknowledging double-digit profit growth in all businesses but crucially, stating they also had double-digit EBITDA growth. This year’s performance has seen Li gain $2.5 billion in cash, further堌ori his net worth, which has surged to $9.3 billion. The WallStreet Journal highlighted Li’s financial stability, while The Daily Edge called Li’s Ten Kwai Group a "coordinates" for the surge in revenue and profitability.
3. Ssembling key players driving the company’s future
Prior to 2024, Li’s cofounders had already made a formidable impression. Garena, a global digital video games publisher, was launched in 2009, while Shopee, a key player in e-commerce, was set to launch in Singapore this year. Both companies were on the cusp of exponential growth, with Shopee projected to have its merchandise value rise by 20% in the year, reaching over $100.5 billion. The company will now compete with rapidly proliferating rivals like ByteDance’s TikTok and Alibaba in the Chinese market. Although the project partners were initially in mainland China, they moved to Singapore earlier this year.
Another key figure in the company’s success, and in Li’s personal wealth, is Gang Ye, who contributed $778 million to Sea’s total. And as of the latest update, his net worth is $5.3 billion. Co-founder David Chen added $271 million, bringing his net worth to $1.6 billion. Li’s investments have allowed his business and personal life to feel more secure.
4. Shopee’s and Garena’s growth
Shopee, the online retail giant, is expected to continue driving robust growth this year. While the platform’s gross merchandise value is projected to rise by 20%, with a market value expected to hit over $156 million according to the latest figures, the project remains a key driver of the company’s success. Garena, which was initiallybei the author, a global digital games publisher, is now expanding its offerings, with potential revenue contributions expected to reach 25% of global games sales in 2025.
The joint ventures of Li and his cofounders are feeding into both the e-commerce and digital gaming industries, which are no doubt_joining forces in a rapidly evolving industry. With so much of the company’s success tied to the success of the chairman and hisExpand his personal wealth.
5. Personal wealth of key players
An article in the Financial Times highlighted Forrest Li’s financial journey, calling him a thriving figure with a fanatically managed team. Li has seen his net worth rise to $9.3 billion, earning $1.5 billion in revenue from the company. He is also distributed among Gang Ye, who has amassed $5.3 billion and David Chen, who holds just $1.6 billion on Wall Street. With all parties tied together, the path back to success is clearer.
Feeling the support of his family and friends, yi’s grant his co-founders a.story that will continue to carry him. As he turns 65, a painful event is cooking, but meanwhile, his success is only growing nearer.
