Garena

Last updated

Garena
  • Garena
Sea Ltd
Company type Public
NYSE:  SE
ISIN US81141R1005
IndustryVideo Games
Founded2009;15 years ago (2009)
Founder Forrest Li
HeadquartersSingapore [1]
Key people
 Forrest Li (Founder)
Terry Zhao (President)
RevenueUS$550m financing-2009
Owner Sea Ltd Tencent18%
Website www.garena.sg

Garena is a Singaporean game developer and publisher of free online games. [1] It is the digital entertainment arm of parent company Sea Ltd, [2] which was formerly named Garena. [3]

Contents

The company distributes game titles on Garena+ in various countries across Southeast Asia and Taiwan, including the multiplayer online battle arena (MOBA) games League of Legends and Heroes of Newerth , the online football (soccer) game FIFA Online 3 , the first-person shooter game Point Blank , the mobile MOBA game Arena of Valor and the mobile racing game Speed Drifters .

In 2017, it released Free Fire , which had over 150 million daily active users globally as of May 2021. [4]

History

Game developments

In November 2011, Garena announced its publishing rights for the team-based shooter game, Firefall, in Southeast Asia and Taiwan. [5]

In December 2011, Garena announced their collaboration [6] with online games developer, Changyou, to publish and operate the popular 3D martial arts game, Duke of Mount Deer, in Taiwan. The game was 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 [7] was created by several top online-gaming experts from China and South Korea and has gained much popularity in China. The same month, the "Dominion" game mode for Garena's League of Legends players in Singapore and Malaysia. [8]

In 2012, it launched its first product, Garena+, an online game and social platform for people to discover, download and play online games.

In 2014, the World Startup Report valued Garena as a US$1 billion internet company [9] and ranked it as the largest internet company in Singapore. [10]

Recent updates

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 US$2.5 billion. [11]

In May 2017, Garena was renamed to Sea Limited. [12] [13] However, Garena was retained as a brand name of Sea Limited (aka Sea Group). [14]

In October 2017, Sea Limited filed for an initial public offering on the New York Stock Exchange (NYSE) and aimed to raise US$1 billion. Before the IPO, Tencent was the major shareholder of Sea Limited, for around 20% of outstanding shares and is currently at 18.7%. [15] [16] It was followed by Blue Dolphins Venture, established by Forrest Li, for 15%. Li personally owned 20% shares, and Chief Technology Officer, Gang Ye, 10%. [17]

In January 2021, Garena acquired Vancouver-based Phoenix Labs, the developers of Dauntless . [18] The acquisition did not affect the operations of Phoenix Labs or Dauntless, but helped Garena expand its international presence. [19]

As of the second quarter of 2021, Garena recorded 725 million active users, 45% more than the year prior, while the number of paid users grew 85% year-on-year, reaching 92 million. The outlook for Garena is expected to decline in 2022, after reports in March 2022 suggested that Garena will post US$2.9 to US$3.1 billion in bookings for the year, down from US$4.6 billion in 2021. The muted forecast would be Garena's first decline in business ever. The ban imposed on its Free Fire title in India across both Google Play and Apple app stores has been cited as a contributory factor. [20] [21] [22]

Products

Garena+ is an online game and social platform that has an interface similar to instant messaging platforms. Garena+ allows gamers to develop buddy lists, chat with friends online and check on game progress and achievements. Gamers can create their own unique identity by customizing their avatar or changing their names. Gamers are also able to form groups or clans, and chat with multiple gamers simultaneously through public or private channels through Garena+. Garena+ users use a virtual currency, Shells.[ citation needed ]

Other products include BeeTalk [23] and TalkTalk. [24]

Events and tournaments

In May 2012, Garena launched the Garena Premier League (GPL), a six-month-long online professional gaming league with more than 100 matches to be played. The first season of GPL is a League of Legends competition which comprises six professional teams. The teams are Bangkok Titans (Thailand), Kuala Lumpur Hunters (Malaysia), Manila Eagles (Philippines), Saigon Jokers (Vietnam), Taipei Assassins (Taiwan) and Singapore Sentinels (Singapore), which represent top players from respective countries. GPL matches are captured and broadcast online along with commentaries, which are available for viewers to watch on the GPL official website. [25]

In January 2013, Garena announced the second season of the Garena Premier League, which would start on 4 January 2013. Garena Premier League 2013 includes two new teams from Taiwan and Vietnam, bringing the total number of teams to eight. The teams are: AHQ, Saigon Fantastic Five, Bangkok Titans, Kuala Lumpur Hunters, Manila Eagles, Saigon Jokers, Taipei Assassins and Singapore Sentinels. [26]

In November 2014, the Garena e-Sports Stadium, a dedicated venue for esports, opened in Neihu District, Taipei. [27] The studio was built partially to accommodate the beginning of the League of Legends Masters Series, the top-level Taiwan, Hong Kong, and Macau LoL league that was spin-off of the GPL.

In January 2015, Garena launched Iron Solari League, a women's League of Legends tournament in the Philippines. [28] It is a monthly event organized in the second half of each month. It aims to encourage participation by under-represented groups and is open to all those who self-identify as female.

Besides competitive tournaments, Garena also organizes events to cater to users to meet and connect offline. This includes the annual Garena Carnival held in Singapore and Malaysia. [29]

Controversies

On 3 February 2015, Garena eSports announced limitations on the number of gay and transgender people participating in a women-only League of Legends tournament, due to concerns that LGBT participants might have an "unfair advantage". This led to gamers questioning the decision, while League of Legends developer Riot Games responded that "LGBT players are welcome at official LoL tourneys". On 4 February 2015, Garena apologized and subsequently removed the restrictions. [30]

Published games

Garena provides a platform for game titles such as Defense of the Ancients and Age of Empires , and also publishes games, like multiplayer online battle arena games League of Legends , Heroes of Newerth, Free Fire, Call of Duty and Black Shot for players in the region.

Garena-published games:

TitleGenreDeveloperYear of launchCountriesRemarks
BlackShot MMOFPSVertigo Games2009Singapore, Malaysia, PhilippinesChanged as self-published (Vertigo Games via PapayaPlay [31] )
MstarCasual/DanceNurien/Netmarble 2009Taiwan, Malaysia and SingaporeClosed 26 August 2019
League of Legends MOBA Riot Games 2010Indonesia, Malaysia and Singapore, Philippines, Taiwan/Hong Kong/Macau, Thailand, VietnamChanged as self-published (Riot Games Southeast Asia) ex. Taiwan/Hong Kong (via Taiwan Mobile) & Vietnam (via VNG Games); since January 2023 [32] [33]
Heroes of Newerth MOBAFrostburn Studios2010Singapore, Malaysia, Thailand, Philippines, Indonesia, CISClosed on 20 June 2022
Duke of Mount DeerMMORPG Changyou.com 2011TaiwanClosed 24 March 2014
Point Blank MMOFPSZepetto2012Thailand, Singapore, Malaysia, Philippines, IndonesiaClosed 28 June 2017; later relaunch in Thailand, Indonesia, Singapore and Malaysia (self-published)
Path of Exile ARPG Grinding Gear Games 2013Malaysia, Singapore, Taiwan, CIS, ThailandClosed 2016 (CIS), [34]  ?[ citation needed ] (Thailand, Singapore, Malaysia)
Elsword MMORPG KOG Studios 2013PhilippinesClosed 2 December 2015
Firefall Team Shooter/FPS Red 5 2014Taiwan, Singapore, Malaysia, Hong Kong and the PhilippinesClosed
Lost Saga Casual/FightingIO Entertainment2015Thailand, TaiwanClosed 3 December 2017
Thunder Strike Vertical Scroller sunmosh2015Thailand, Taiwan, VietnamClosed 6 October 2017
Alliance of Valiant Arms Team Shooter/FPSRed Duck Inc./NEOWIZ2015Singapore, MalaysiaClosed 3 July 2018
Vindictus MMORPGdevCAT/Nexon 2015ThailandClosed 31 August 2018
Arena of Valor (Mobile Game)MOBA Tencent TiMi Studio 2016Indonesia, Vietnam, Thailand, Taiwan.
Free Fire (Mobile Game)Battle RoyaleGarena2017Global [35]
Blade & Soul MMORPGTeam Bloodlust/NCSoft 2017Thailand, VietnamClosed 15 August 2023 (Vietnam)
FIFA Online 3 Sports/Soccer Electronic Arts 2018Thailand, Malaysia, Singapore, VietnamClosed and replaced by FIFA Online 4
Ring of Elysium Battle Royale Tencent Aurora Studio 2018Taiwan, Hong Kong, Macau, Thailand, IndonesiaClosed 21 January 2022
TalesRunner SportsRhaon/Smilegate 2018IndonesiaClosed
Onmyoji (Mobile Game)Visual Novel/Action NetEase Games 2018ThailandClosed 3 April 2019
DD Tank (Mobile Game)ArtilleryMMOG.asia/Changyou.com 2018Thailand[ citation needed ]
Rising Force Online MMORPGsCCR InternationalThailand[ citation needed ]
FIFA Online 4 Sports/Soccer Electronic Arts 2018Thailand, Malaysia, Singapore, Vietnam
Call of Duty: Mobile (Mobile Game)Battle Royale/Multiplayer Activision/Tencent TiMi Studio 2019Singapore, Malaysia, Indonesia, Thailand, Taiwan, Philippines
Speed Drifters (Mobile Game)Racing Tencent TiMi Studio 2019Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Hong Kong, Macau
Contra: Return (Mobile Game)Run and Gun Shooter Tencent TiMi Studio/Konami 2019Taiwan, Thailand, Malaysia, Singapore, Indonesia
Fairy Tail: Forces Unite (Mobile Game)RPG Tencent Morefun Studios 2020Malaysia, Singapore, Philippines [36]
Free Fire MAX (Mobile Game)Battle RoyaleGarena2021Global
Moonlight Blade M (Mobile Game)MMORPG Tencent Games 2021Taiwan [37]
Blockman GO (Mobile Game)SandboxZhuhai Sandbox Network Co. Ltd.2017 (relaunched in 2022)Global [38]
Black Clover M (Mobile Game)RPGIlinix, inc2022Global [39]
Cái Thế Tranh Hùng (Mobile Game)Strategy, Role PlayingTopjoy2023Vietnam

See also

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References

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