Sea Ltd to offer Sea Cloud AI enterprise platform

Around 500 Sailors have been rebuilding Sea's cloud platform over the last two years to power AI applications.

Rhea-AI Filing Summary

Sea Limited Chairman and CEO Forrest Li marked the ninth anniversary of the company’s IPO by comparing its most recent quarter with the quarter in which it listed. Garena’s quarterly active users grew from 69 million to 666 million, Shopee’s quarterly GMV from $1.1 billion to $38.3 billion, and Sea’s quarterly revenue from $94 million to $7.8 billion—changes Li described as almost 10 times, 35 times and more than 80 times, respectively. He said all three businesses are well-scaled, profitable and still growing.

Sea said it is going to offer its internally developed cloud capability to the world as Sea Cloud, an AI-first enterprise platform. Li also said Sea believes its financial-services business Monee is approaching the point where it can stand on its own.

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Positive

• Moderate pointQuarterly revenue grew more than 80 times since the IPO quarter.

Negative

• None.

Key Figures

Garena quarterly active users: 69 million users Garena quarterly active users: 666 million users Shopee quarterly GMV: $1.1 billion +4 more

7 metrics

Garena quarterly active users 69 million users Quarter in which Sea listed

Garena quarterly active users 666 million users Most recent quarter; almost 10 times the IPO-quarter level

Shopee quarterly GMV $1.1 billion Quarter in which Sea listed

Shopee quarterly GMV $38.3 billion Most recent quarter; 35 times the IPO-quarter level

Quarterly revenue $94 million Quarter in which Sea listed

Quarterly revenue $7.8 billion Most recent quarter; more than 80 times the IPO-quarter level

Sailors rebuilding Sea's cloud platform Around 500 Sailors Rebuilding the platform over the last two years to power AI applications

Key Terms

quarterly active users, GMV, AI-first enterprise platform

3 terms

quarterly active users financial

"Garena’s quarterly active users have grown almost 10 times"

GMV financial

"Shopee’s quarterly GMV has grown 35 times"

Gross merchandise value (GMV) is the total dollar value of all goods and services sold through a platform or marketplace over a given period, measured before deducting fees, returns, or discounts. Investors watch GMV to gauge the raw size and growth of customer activity—like counting every ticket sold at a concert before subtracting organizer costs—while remembering it is not the same as revenue or profit.

AI-first enterprise platform technical

"Sea Cloud will be an AI-first enterprise platform"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much has Sea (SE) grown since its IPO?

Comparing its most recent quarter with the quarter in which it listed, Sea said Garena’s quarterly active users grew from 69 million to 666 million, Shopee’s quarterly GMV from $1.1 billion to $38.3 billion, and quarterly revenue from $94 million to $7.8 billion.

What is Sea Cloud, and how did Sea develop it?

Sea said it will offer the capability to the world as Sea Cloud, an AI-first enterprise platform. The cloud platform powers Garena, Shopee and Monee and has been built and run by Sea for more than 10 years. Around 500 Sailors have been rebuilding it over the last two years to power AI applications.

Is Sea taking Monee public?

Sea said it believes Monee is approaching the point where it can stand on its own and begin its own race. Sea said going public could give the financial-services business resources and room to go further and faster.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/20/2026 - 06:04 AM EDT Accepted by SEC EDGAR 10/20/2026 - 06:00 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-38237

Sea Limited

1 Fusionopolis Place, #17-10, Galaxis

Singapore 138522

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

EXPLANATORY NOTE

On October 20, 2026, on the occasion of the ninth anniversary of the initial public offering of Sea Limited (“Sea”), Forrest Li, Chairman and Chief Executive Officer of Sea, sent an email to all Sea employees. A copy of the email is attached as Exhibit 99.1.

Forward-Looking Statements

This Form 6-K contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “could,” “will,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “likely to,” “potential,” “confident,” “guidance,” and similar statements. Among other things, statements that are not historical facts, including statements about Sea’s beliefs and expectations, the business, financial and market outlook, and projections from its management in this Form 6-K, as well as Sea’s strategic and operational plans, contain forward-looking statements. Sea may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Sea’s goals and strategies; its future business development, financial condition, financial results, and results of operations; the expected growth in, and market size of, the e-commerce, digital financial services, and digital entertainment industries in the markets where it operates, including segments within those industries; expected changes or guidance in its revenue, costs or expenditures; its ability to continue to source, develop and offer new and attractive online games and to offer other engaging Garena content; the expected growth of its Shopee, Monee and Garena businesses; its expectations regarding growth in its user base, level of engagement, and monetization; its ability to continue to develop new technologies and/or upgrade its existing technologies; growth and trends of its markets and competition in its industries; government policies and regulations relating to its industries, including the effects of any government orders or actions on its businesses; general economic, political, social and business conditions in its markets; and the impact of widespread health developments. Further information regarding these and other risks is included in Sea’s filings with the SEC. You should not rely on forward-looking statements as predictions of future events. All information provided in this Form 6-K is as of the date of this Form 6-K, and Sea undertakes no obligation to update any forward-looking statement, except as required under applicable law.

EXHIBIT INDEX

Exhibit 99.1 — Sea Limited Email to Employees, dated October 20, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SEA LIMITED
By:		/s/ Forrest Xiaodong Li
Name:		Forrest Xiaodong Li
Title:		Chairman and Chief Executive Officer

Date: October 20, 2026

Exhibit 99.1

Email Subject: Marking the 9th Anniversary of our IPO

Dear Sailors,

Nine years ago today, on October 20th 2017, we became a publicly listed company on the New York Stock Exchange.

I still remember standing on the NYSE podium that morning, waiting to ring the bell. It had been eight years from our founding in 2009 to that moment – eight years of hard work, sleepless nights, constant problem solving, and long stretches where we did not know whether we were going to make it or die trying. When the bell rang and the floor erupted, I felt a flood of joy and relief in equal measure. It remains one of the happiest days of my life.

That morning, I believed that we had won the race. I was wrong about that, and I’m glad I was.

Our IPO was not the finish line; it was the starting line. Everything we had done to build from nothing to something, to get big enough and good enough to list, had only earned us the right to compete. The bell I rang that day was not a victory bell, but a starting pistol!

Nine years on, here is where that race has taken us. Comparing our most recent quarter with the quarter in which we listed: Garena’s quarterly active users have grown almost 10 times, from 69 million to 666 million. Shopee’s quarterly GMV has grown 35 times, from $1.1 billion to $38.3 billion. And our quarterly revenue has grown more than 80 times, from $94 million to $7.8 billion.

All three of our businesses are well-scaled, profitable, and still growing. None of this would have been possible without going public. Listing gave us capital, gave us credibility, and let far more people contribute to – and share in – what we were building.

We may well ring that bell again! At our IPO, our financial services business was still tiny compared to where it is today. Since then, Monee has been running the same race we ran between 2009 and 2017– building something out of nothing, and working to make it big enough and good enough to go public.

We believe Monee is approaching the point where it can stand on its own two feet and begin its own race. Going public could give it the resources and the room to go further and faster than it can today.

We will keep building this way: wave after wave, cycle after cycle. From starting up, to listing, to racing – and then starting up again.

Let me tell you about our next start-up.

For more than ten years, we have quietly built and run our own cloud platform. It was never a side project. It is the backbone powering Garena, Shopee and Monee’s scale every single day, at a level of cost and reliability we could not have bought from anyone else.

Over the last two years, around 500 Sailors have been rebuilding that platform to power something new: the wave of AI applications rising across every part of Sea. Because of their work, taking an AI idea from a whiteboard to production inside our company is now dramatically faster than it was two years ago.

We are now going to offer that capability to the world. Its name is Sea Cloud.

When we built Shopee at the start of the mobile internet era, we made it mobile-first while much of our competition was still thinking in terms of websites. We believe AI is that moment again. Sea Cloud will be an AI-first enterprise platform, built by a team that has spent a decade running infrastructure at enormous scale, under real commercial pressure, for some of the most demanding consumer businesses in this region. That’s a credential that can’t be bought; it’s one you can only earn by operating.

Nine years ago, I could not have imagined where we would be standing today. And what strikes me most is not how far we have come, but that after all this time, we still have the aspiration to start again. This anniversary is meaningful to me not as a milestone to pass, but as a reminder of how we never stop running: we build something, get it to the starting line, and then start again. Our race is far from over. In many ways, we are only at the start of it.

There will be more bells. Every one of them will be a beginning, not an ending.

Happy IPO anniversary, Sea!

Sincerely,

Forrest

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EXHIBIT 99.1 7.1 KB