SINGAPORE -- Singapore-based Sea on Tuesday posted a net profit of $444 million in 2024, tripling from the $150 million in 2023 and marking the second consecutive year of annual profit, as its core e-commerce business marked double-digit growth despite heightened competition with newer rivals like TikTok.

"We remain confident about our ability to continue delivering profitable growth in 2025," Chairman and CEO Forrest Li said in a statement on Tuesday.