It gets far less attention than Tesla, the FAANGs or even the Robinhood flavour of the week.

Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock, stoking a debate on Wall Street over whether the Singapore-based gaming, e-commerce and payments company is the next great internet colossus or just Exhibit A in a global tech bubble that’s destined to burst.

See also: At $65.5 bil, loss-making Sea overtakes DBS in market value

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