Lockdowns have become the new norm as a result of the COVID-19 pandemic. Physical purchases of goods have increasingly become something of the past. Businesses and customers are becoming “more digital” as they provide and buy more products and services online. According to Statista, ecommerce will account for 20% of all global retail trade in 2022, up from 14% in 2019. One company that has greatly benefited from this trend is Sea Limited (NYSE:SE). It is one of the largest e-commerce and digital entertainment platforms in ASEAN. Over the pandemic period, it has seen its revenue increase by more than threefold. Despite significant growth in revenue, the company has had trouble turning a profit. This is partly attributed to high operating expenses, rising interest rates, and low e-commerce profit margins. As a result, many would say that 2022 was not a fantastic year for Sea Limited investors. The stock has declined by over 70% in 2022 alone....