Sea plans IPO for financial services arm Monee, memo says

(Corrects spelling of founder s name in second and sixth paragraphs to Li, not Lee) SINGAPORE, Oct 20 (Reuters) ​Singapore-headquartered tech conglomerate Sea Limited ‌is planning a public listing for its financial services arm Monee and will also launch an AI enterprise platform business, ‌according ​to an internal memo ⁠sent on Tuesday. Founder ⁠Forrest Li, in a memo to employees that was reviewed by Reuters, said he believed going public would ​give its financial payments and services business the resources and the room ⁠to go further ⁠and faster than it can ​today”. The business operates in Singapore, Indonesia, Malaysia, ​Thailand, Vietnam, the Philippines, Taiwan, and ‌Brazil and offers mobile wallets, payments processing, credit, and banking services. Sea did not immediately respond to a request ⁠for comment. The memo said the tech group would also launch an AI-first enterprise platform ⁠named Sea ‌Cloud. In the memo, which ⁠was sent on the ninth ​anniversary ‌of the group’s