Sea Ltd. has set up a dedicated team to scout for new investments in AI, part of a broader effort to accelerate forays into the technology as it hunts for its next growth engine beyond e-commerce.
The investment unit sits directly under the president’s office and is one of several initiatives Sea’s established to dedicate capital toward internal and external AI projects, according to people familiar with the matter. The group, led by longtime executive Endong Zhang, evaluates potential investments in startups globally, said the people, who asked not to be identified discussing private information. Zhang also leads several other recently established teams dedicated to analyzing AI adoption within the company itself, the people added.