Shares of Southeast Asian tech giant Sea dropped 28% after missing revenue expectations and announcing a shift towards growth over profits. Sea, which previously focused on profitability, will now "reaccelerate investments in growth" to defend its market share against Rising Competition from TikTok and Lazada. The company had previously undergone cost-cutting measures, including layoffs and reduced customer incentives, to achieve profitability. Sea's decision to increase investments is expected to impact earnings in the near term, according to JPMorgan. However, DBS Bank remains bullish on Sea, predicting significant upside potential.

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