The gaming industry is no longer just for kids.
Gaming is such a huge pastime that Garena is considered the largest internet gaming company in South East Asia with around 570 million active users.
Within gaming, there is a sub-category known as Esports. And a lot of Garena’s games are played competitively, such as League of Legends, Call of Duty or Free Fire, just to name a few.
In fact, one of its top-grossing mobile games, Free Fire, which recently held a tournament, had over 150 million online views. That’s almost the whole of Japan tuning in to watch a “fight to the death” battle royale in virtual reality.
Now, Garena is part of SEA Ltd (NYSE: SE).
SEA was founded in Singapore in 2009 by Forrest Li, a Chinese-Singaporean businessman.
The company started out as an online gaming and social platform.
It develops its own games and distributes other developers’ games through its platform for free....