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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2021
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
11.
SEGMENT REPORTING

The Company has three reportable segments, namely digital entertainment, e-commerce and digital financial services. The Chief Operating Decision Maker (“CODM”) reviews the performance of each segment based on revenue and certain key operating metrics of the operations and uses these results for the purposes of allocating resources to and evaluating financial performance of each segment.

Description of Reportable Segments:
Digital entertainment – Garena’s platform offers mobile and PC online games and develops mobile games for the global market. Garena is the global leader in eSports, it also provides access to other entertainment content and social features, such as live streaming of gameplay, user chat and online forums.
E-commerce – Shopee’s platform is a mobile-centric, social-focused marketplace. It provides users with a convenient, safe, and trusted shopping environment with integrated payment, logistics infrastructure and comprehensive seller services. Products from manufacturers and third parties are also purchased and sold directly to buyers on Shopee’s platform.
Digital financial services – SeaMoney provides a variety of payment services and loans to individuals and businesses. It is an important payment infrastructure supporting the Company’s digital entertainment and e-commerce businesses. In addition, SeaMoney also integrates with third party merchant partners and covers a broad set of consumption use cases.
A combination of multiple business activities that does not meet the quantitative thresholds to qualify as reportable segments are grouped together as “Other services”.

Information about segments for the six months ended June 30, 2020 and 2021 presented were as follows:

  
For the Six Months ended June 30, 2020
  
   
Digital
Entertainment
    
E-Commerce
    
Digital Financial
Services
    
Other
Services
    
Unallocated
expenses (1)
    
Consolidated
  
     $     $
 
 		  $
    $
    $
    $
 
Revenue
    
753,629
      
706,230
      
22,032
      
115,063
      
–
      
1,596,954
  
                                                 
Operating income (loss)
    
341,064
      
(636,541
)
    
(193,612
)
    
(23,632
)
    
(127,806
)
    
(640,527
)
Non-operating income, net
                                            
18,847
Income tax expense
                                            
(51,058
)
Share of results of equity investees
                                            
(1,588
)
                                                 
Net loss
                                            
(674,326
)

 
For the Six Months ended June 30, 2021
  
   
Digital
Entertainment
    
E-Commerce
    
Digital Financial
Services
    
Other
Services
    
Unallocated
expenses (1)
    
Consolidated
  
     $     $
    $
    $
    $
    $
 
Revenue
    
1,805,602
      
2,077,487
      
140,039
      
21,064
      
–
      
4,044,192
  
                                                 
Operating income (loss)
    
1,029,577
      
(1,084,139
)
    
(316,648
)
    
(84,582
)
    
(226,637
)
    
(682,429
)
Non-operating loss, net
                                            
(48,313
)
Income tax expense
                                            
(126,216
)
Share of results of equity investees
                                            
1,198
                                                 
Net loss
                                            
(855,760
)

(1) Unallocated expenses are mainly relating to share-based compensation, general and corporate administrative costs, such as professional fees and other miscellaneous items that are not allocated to segments. These expenses are excluded from segments results as they are not reviewed by the CODM as part of segment performance.

Revenue from external customers is classified based on the geographical locations where the services were provided.

 
For the Six Months
ended June 30,
  
   
2020
    
2021
  
   
$_
    
$_
  
Revenue
            
             
Southeast Asia
    
992,331
      
2,541,824
  
Latin America
    
300,830
      
776,728
  
Rest of Asia
    
256,911
      
560,012
  
Rest of the world
    
46,882
      
165,628
  
                 
Consolidated revenue
    
1,596,954
      
4,044,192