Garena
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| Private | |
| Founded | 2009 |
| Headquarters | Singapore |
| Website | www |
Garena is a consumer Internet platform provider based in Asia. It was founded in Singapore in 2009, by current Group CEO, Forrest Li
Garena exclusively distributes game titles on Garena+ in various countries across Southeast Asia and Taiwan, such as the multiplayer online battle arena games League of Legends and Heroes of Newerth, the online soccer game FIFA Online 3 and the first-person shooter games, Point Blank and Alliance of Valiant Arms were released on 2016 March.
In 2014, Garena was valued at $1 billion until the investment of the Ontario Teachers Pension Plan in the company on March 2015 increased its value to $2.5 billion.
Garena (a portmanteau of the phrase "global arena") was founded in Singapore in 2009. Its first product, launched in 2010 was Garena+, an online game and social platform for people to discover, download and play online games.
In November 2011, Garena announced that it had publishing rights for the anticipated team-based shooter game, Firefall, in Southeast Asia and Taiwan. Firefall claims to be the first team-shooter game and was awarded Anticipated MMO of 2012 in TenTonHammer's Readers Choice contest.
In December 2011, Garena announced their collaboration with online games developer, Changyou, to publish and operate the popular 3D martial arts game, Duke of Mount Deer, in Taiwan. The game is the first MMORPG game available through Garena+. The game combines a classic Chinese story with the latest 3D rendering technology and cinematic quality graphics. Duke of Mount Deer was created by several top online-gaming experts from China and South Korea and has gained much popularity in China.
Also in December 2011, Garena CEO Huan Rafael P. Perlas released the "Dominion" game mode for Garena's League of Legends players in Singapore and Malaysia.
In 2014, the World Startup Report valued Garena as an US$1 billion internet company and ranked it as the largest internet company in Singapore.
In March 2015, the Ontario Teachers Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, valuing the company at over USD 2.5 billion.
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Wikipedia