Sea Limited

Sea Limited is the Singapore-listed parent company of Garena and Shopee, founded by Forrest Li Xiaodong. It traces back to 2010 when Li secured the League of Legends distribution rights for Southeast Asia through Garena, which later became Singapore's first internet unicorn . In 2015 he launched Shopee, which reached the top spot in Southeast Asian e-commerce within five years . The two businesses sat under Sea Limited, whose stock peaked at $363 in October 2021 for a market cap nearing $200 billion — at the time making Sea Asia's third-largest internet company by value and minting Li as Singapore's richest person . Tencent has been a long-term backer, holding roughly 20% of Sea through Garena's parent and reaping major returns from the position . Shopee operates as a subsidiary of Sea Limited . Former Meituan COO Gan Jiayu also spent half a year on Sea in a post-investment operational advisory role while at Hillhouse .