--- title: "U.S. stock market midday update: Sea up 13.38%, Q2 revenue of 7.79 billion exceeds expectations, Shopee GMV hits record" type: "News" locale: "en" url: "https://longbridge.com/en/news/295559173.md" description: "Sea rose 13.38%; Amazon fell 2.10%, with a transaction volume of USD 2.837 billion; Latin American commercial services rose 5.01%, with a transaction volume of USD 452 million; Alibaba fell 3.34%, with a transaction volume of USD 417 million; Pinduoduo fell 2.77%, with a market value of USD 128.7 billion" datetime: "2026-08-11T16:09:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295559173.md) - [en](https://longbridge.com/en/news/295559173.md) - [zh-HK](https://longbridge.com/zh-HK/news/295559173.md) generator: "portal-rs" --- # U.S. stock market midday update: Sea up 13.38%, Q2 revenue of 7.79 billion exceeds expectations, Shopee GMV hits record **U.S. Stock Market Midday Update** Sea rose 13.38%, with increased trading volume. Based on recent key news: 1. On August 11, Sea announced its second-quarter financial report, with revenue of $7.788 billion, a year-on-year increase of 48.1%; net profit of $458.1 million, a year-on-year increase of 10.6%. Gross profit was $3.5 billion, a year-on-year increase of 47.3%. Diluted earnings per share were $0.7, a year-on-year increase of 7.7%. These strong financial performances drove the stock price up. Source: Guandian.com 2. On August 11, Sea announced that Shopee's gross merchandise volume (GMV) grew 28% quarter-on-quarter, with order volume also increasing by 28%, both reaching historical highs. Shopee's adjusted EBITDA grew 12% to $255.4 million. The company has therefore raised its full-year adjusted EBITDA forecast for Shopee to $1 billion. Source: WSJ 3. On August 11, Sea's e-commerce platform and digital financial services performed better than expected, with second-quarter revenue rising from $5.26 billion in the same period last year to $7.79 billion. Shopee's e-commerce revenue grew 48% year-on-year to $5.59 billion, while Monee's financial services revenue grew 59% year-on-year to $1.4 billion. Source: AASTOCKS The strong performance of e-commerce and financial services drove the stock price up. **Stocks with High Trading Volume in the Industry** Amazon fell 2.10%, with increased trading volume. Based on recent key news: 1. On August 10, JP Morgan raised its target price for the S&P 500 to 8,000 points due to strong corporate earnings and accelerated monetization of AI investments. Amazon's cloud business growth has accelerated, with increased order backlogs alleviating concerns about capital returns. Source: JP Morgan strategist report. 2. On August 10, Morgan Stanley's report showed that Amazon raised its capital expenditure guidance for fiscal year 2026 to $220 billion, reflecting strong demand for AI data centers. Source: Morgan Stanley Global Cloud Capital Expenditure Tracking Report. 3. On August 11, Amazon founder Jeff Bezos participated in acquiring a stake in Liverpool, with the transaction size potentially exceeding 30%. This move may affect market confidence in Amazon's investments. Source: Sky News. AI investments are accelerating, and demand for cloud services is strong. Latin American commercial services rose 5.01%. Based on recent key news: 1. On August 9, MercadoLibre's financial report showed its revenue grew by 49.8%, exceeding expectations by 4.4%, but the stock price fell by 4.7%. This result reflects market concerns about its future growth, leading to stock price fluctuations. 2. On August 11, analyst ratings showed MercadoLibre was rated as "Moderate Buy," but was not included in the top recommended stocks list. Analysts are cautious about its future performance, affecting investor confidence 3. On August 10, investors actively bought before the earnings report was released, driving up the stock price. The market had optimistic expectations for the upcoming earnings report, leading to the rise in stock prices. The online market sector has shown stable performance recently, with significant capital inflows. Alibaba fell 3.34%. Based on recent key news: 1. On August 11, Alibaba International launched an enterprise version of its intelligent agent, promoting the construction of the AI ecosystem and enhancing corporate efficiency. This move demonstrates Alibaba's continued investment in the AI field, causing the stock price to drop in the short term due to market sentiment. Source: Economic Times 2. On August 10, Alibaba Cloud announced it would shorten the delivery period for large data centers to 100 days, reducing construction costs by 10%. This news indicates Alibaba Cloud's breakthroughs in infrastructure construction, and the market holds an optimistic view of its long-term growth potential. Source: Science and Technology Innovation Board Daily 3. On August 11, Citigroup maintained a sell rating on Alibaba, with a net outflow of HKD 361 million from southbound funds of the Stock Connect. The rating affected market confidence, leading to a decline in stock prices. Source: Economic Times. Technology stocks generally fell, and market sentiment was cautious. **Stocks ranked among the top in industry market capitalization** Pinduoduo fell 2.77%. Based on recent news: 1. On August 10, Pinduoduo launched the "Fastest Tomorrow Delivery" service, enhancing delivery efficiency and attracting consumers with time-sensitive needs, leading to stock price fluctuations. Source: Viewpoint Network 2. On August 11, analysts predicted that Pinduoduo's revenue would grow by 8% in the second quarter, but adjusted EBIT would decline by 4%, affecting market confidence. Source: DoNews 3. On August 10, Pinduoduo improved its fulfillment capabilities through shared warehouse services, further penetrating the instant retail market, and the market reacted positively. Source: Sina Technology. Competition in the instant retail market has intensified, with timeliness becoming key ### Related Stocks - [SE.US](https://longbridge.com/en/quote/SE.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [MELI.US](https://longbridge.com/en/quote/MELI.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) ## Related News & Research - [Major Insider Move at Sea Sends Investors Scrambling to Take Notice](https://longbridge.com/en/news/296563736.md) - [SEA (NYSE:SE) President Sells $35,760.00 in Stock](https://longbridge.com/en/news/296681617.md) - [SEA (NYSE:SE) Insider Yanjun Wang Sells 1,500 Shares](https://longbridge.com/en/news/296344999.md) - [SEA (NYSE:SE) Director Sells 17,395 Shares of Stock](https://longbridge.com/en/news/296479963.md) - [Sea COO Ye Gang disposes of Sea common shares worth $5.99 million](https://longbridge.com/en/news/296336460.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**