#nick nash

[tymime]

Waldo & Oswald's Grand Adventure

Oswald The Lucky Rabbits Return To Hollywood

I'm designing characters and storyboards for this potential series starring Oswald the Lucky Rabbit! Now that he's public domain, these guys are taking the opportunity to use him. We're obviously struggling, but I still have faith in this project.

[zeekmag]

Garena改名Sea集團正式在紐約證交所掛牌上市 掌握千禧世代市場

東南亞最大網路公司Sea集團（股票代號：SE）宣布已於20日正式在紐約證交所(NYSE)掛牌上市，成為Sea集團的重要里程碑。Sea集團是第一家在紐約上市的重量級大東南亞網路公司，營運三大網路平台，包括電子商務蝦皮購物、數位娛樂Garena，以及電子支付服務AirPay，並有超過5,000名員工，在印尼、台灣、越南、泰國、菲律賓、馬來西亞、新加坡等台灣及東南亞等七國市場提供服務。 (more…)

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[haaziqhamid1-blog]

With upcoming IPO, Sea reveals net loss of $196m and revenue of $345m

By : Terence Lee

Nick Nash, group president of Sea, at Tech in Asia Singapore 2017 / Tech in Asia

Sea, one of Southeast Asia’s largest internet companies, has released its full IPO prospectus containing a treasure trove of previously private information. It is looking to raise US$1 billion.

Among the highlights in its financial statement: dramatically increasing revenue, but an equally dramatic widening in its net loss.

The bottom line comparison between H1 2016 and H1 2017 hints at what is to come. Sea’s net loss doubled to US$153m during that time period, while revenue only grew 17 percent.

It’s a familiar pattern seen in most nascent, fast-growing internet companies in Southeast Asia who spend cash at a rapid clip to gain market share, in the hopes of achieving dominance which will then translate to profitability.

Sea had US$651 million in cash and cash equivalents on June 30, 2017.

Sea acknowledges that there’s a risk of “not achieving profitability in the future.” It attributes its rising net loss to sales and marketing costs, which include promotions and shipping subsidies for the users of Shopee, its ecommerce business.

Its challenge will be to lower customer acquisition costs against better-funded competitors.

The company adds that most of its revenue comes from its online entertainment business, Garena. As of 2016, that segment made up 95 percent of the top line. However, Sea claims to be the number one player in the region in all its categories.

It has yet to prove that its dominance in gaming can translate to building sustainable payments and eCommerce businesses at scale in Southeast Asia. But no one else has done it either. 

[randomindie]