As discretionary spend declines, Shopee balances growth with profitability

Back in medieval times, lords built their castles on high ground. But starting about 1,000 years ago, theywanted to make sure their abodes were especially difficult to attack, so they left ditches around theperimeter that were often filled with water: hence, moats. In the digital age, moats have acquired a more contemporary meaning, and the CEO of Shopee’s parent company Sea Limited, Forrest Li, wheeled it out recently to shore up confidence in his company’s ability to withstand both macro u

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