Sea Limited (NYSE: SE) has experienced struggles that its counterparts in other parts of the world have avoided. The Singapore-based company has become the Amazon of Southeast Asia even as the e-commerce conglomerate missed the recovery that benefited Amazon and its Latin American peer .

Unlike these competitors, Sea Limited operates a gaming division, which was its original business. The question for its long-term investors is whether any of these struggles will make a difference five years from now.

No matter where Sea Limited is in five years, it starts from a relatively strong position. The company has long been the largest e-commerce company in Southeast Asia. It is widening its competitive moat in this area by expanding its logistics network, opening five new sorting centers and 385 new, first and last-mile sorting centers in the region.

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Source Fool.com