Singapore internet giant Sea has started expanding into the enterprise cloud business and is also considering a public listing for its fintech unit through a spinoff, according to Bloomberg. The reported plan comes as the company looks for new ways to support growth and shore up its share price. The move points to a broader push by Sea to add another business line while exploring strategic options for its financial technology arm. Bloomberg cited the cloud expansion and the potential listing as part of efforts tied to growth and stock performance.
Singapore internet giant Sea has begun moving into the enterprise cloud business and is considering spinning off its fintech unit for a public listing, according to Bloomberg.
The reported steps are aimed at boosting growth and supporting the company’s share price.
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