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$71 billion wiped out of market cap of Singapore's Grab and Sea in 3 months
short by Hiral Goyal / on Monday, 4 April, 2022
Singapore's two largest new-economy companies have lost a combined $71 billion from their market capitalisation this year. While shares of ride-hailing company Grab have more than halved in the last three months, technology giant Sea's stock price has plunged by 46%. Sea-owned Shopee recently shut down India operations, whereas its Free Fire game was banned by the Indian government.
read more at BloombergQuint