This is a pre-post to Sea Group's Financial Results next week. The question in a few people's mind will be if Sea Group is able to continue its turnaround and probably maintain a 400 million quarterly profit. In my view, it is a yes. Here is my explanation: E commerce platforms are like Tolls in Highways E-commerce platforms are durable and profitable entities when scaled to a large enough size with traffic. The business model of e commerce platforms is that they take a cut for every sales transaction. They also earn from marketers/shops who try to advertise in it (Termed as Customer Management Segment). Alibaba is the best example where it is competing in a market of 1.4 billion chinese people. Despite having about 7 well known e-commerce platforms (of which alibaba owns 3 of these 7), there is sufficient scale for Alibaba to turn around a large amount of profit due to the homogeneity of the Chinese markets (US$20 billion per year)....