Currently, Singapore's Sea Group is accelerating its application for a digital banking license in Thailand, following its entry into Singapore, Indonesia, and the Philippines, with the tech group also moving into the Malaysian market.

Indonesia recently introduced comprehensive regulations to curb TikTok's growth in Southeast Asia's largest e-commerce sector。Subsequently, Sea's shares rose a further 5%。

It is understood that Sea, a large Southeast Asian Internet company known as "Little Tencent," said recently that it would cut staff at its e-commerce subsidiary Shopee Indonesia.。