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Alibaba Rival Sea Eyes Sale Of Phoenix Labs Game Developer To Focus On Core Business

Alibaba Rival Sea Eyes Sale Of Phoenix Labs Game Developer To Focus On Core Business

阿里巴巴竞争对手Sea Eyes出售Phoenix Labs游戏开发商以专注于核心业务
Benzinga Real-time News ·  2023/01/25 13:24
  • Sea Limited (NYSE:SE) weighed the sale of Vancouver-based indie developer Phoenix Labs as the Southeast Asian internet giant slashed costs and focused on its core business.
  • The Singapore-based gaming and e-commerce company worked with an adviser on the potential divestment, Bloomberg reports.
  • Sea acquired Phoenix Labs about three years ago in a deal that valued the game developer at over $150 million.
  • Sea scaled back its overseas footprint and peripheral businesses as rising competition forced the company to focus on profitability rather than expanding abroad.
  • Sea faced increasing pressure to cut costs, with growth in its e-commerce and gaming business slowing, losing over $160 billion of its market value since October 2021.
  • Consumers became cautious about online spending post-pandemic recovery, as rising interest rates and prices weigh on the economy.
  • In December, Sea founder Forrest Li decided to freeze salaries for most staff and pay out lower bonuses, bracing for an aggravating global economic environment in 2023.
  • Sea made deep job cuts in 2022.
  • Price Action: SE shares traded lower by 2% at $62.72 on the last check Wednesday.
  • 海上限定 纽约证券交易所代码：SE）权衡了对总部位于温哥华的独立开发商Phoenix Labs的出售，因为这家东南亚互联网巨头削减了成本并专注于其核心业务。
  • 彭博社报道，这家总部位于新加坡的游戏和电子商务公司与一位顾问就潜在的撤资进行了合作。
  • 大约三年前，Sea收购了Phoenix Labs，该交易估值该游戏开发商超过1.5亿美元。
  • 由于竞争加剧迫使该公司专注于盈利而不是向海外扩张，Sea缩减了其海外版图和外围业务。
  • 随着电子商务和游戏业务的增长放缓，Sea面临着越来越大的削减成本的压力，自2021年10月以来，其市值损失了超过1,600亿美元。
  • 由于利率和价格上升给经济造成压力，消费者对疫情后的在线支出复苏变得谨慎。
  • 12月，Sea创始人Forrest Li决定冻结大多数员工的工资并支付较低的奖金，为2023年全球经济环境恶化做准备。
  • Sea 在 2022 年大幅裁员。
  • 价格走势： 在周三的最后一张支票中，SE股下跌了2％，至62.72美元。
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