[sgbuffett]

I doubt Grab can make it.
The business model is same as taxi with some aid from technology is easily replicated nothing special. Today grab tomorrow gojek after that another one will pop up. ..

Sea ltd aka shopee parent makes money from games previously it is garena. The game part fund the e commerce which lose money. At some point it makes no sense to do this. It is up agansit Lazada which is kept alive by massive cash flow from Alibaba. Lazada has a much larger operating scale going into Europe, Africa etc. Shopee will deduct it is better off to shut the e-commerce and keep it's profits from the gaming business. ...SEA is worth much less than it's current valuation because it's growth comes from an unprofitable business