[Updated] Sea Group's second quarter losses widen by 10% on higher marketing, R&D spends

[Updated] Sea Group's second quarter losses widen by 10% on higher marketing, R&D spends

Photo: Sea Group

Singapore-based e-commerce and gaming giant Sea Ltd. on Tuesday reported a net loss of $434 million for the second quarter of this year, widening its loss by 10.2% from $394 million a year ago as spending on sales and marketing, and R&D rose significantly.