‘Free Fire’ parent Sea’s stock soars after revenue beat amid e-commerce strength

Shares of Sea Ltd. soared toward a seven-month high Monday, after the e-commerce and online-gaming platform company reported fourth-quarter revenue that beat expectations. The Singapore-based company’s results were fueled by strength in its e-commerce business, Shopee. And while the digital-entertainment business, Garena, missed revenue expectations, among the “positive trends” seen was the “Free Fire” game achieving more than 100 million peak daily active users in