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Sea Ltd launches a new cloud business named Sea Cloud and weighs a public listing for its fintech arm, Monee. CEO Forrest Li announced the plan to compete with Amazon and Alibaba while aiming to revive the company's stock, which has dropped more than 30% this year. The move targets a trillion-dollar market capitalization goal.
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Summary by ByteBrief
Sea Plans IPO for Financial Arm Monee

Sources: Singapore-based data center operator DayOne seeks to raise up to $5B in a US IPO and plans to list its American depositary shares by the end of 2026 (Wall Street Journal)
Hong Kong fintech firm Reap to test AI purchasing setup