Posts filtered by tags: Garena[x]


PUBG Developer Suing Multiple Companies, Including Apple, Over Copycat Games - IGN

PUBG developer Krafton has filed a lawsuit against mobile developer Garena, as well as both Apple and Google, over two mobile games that the developer believes copy its popular online shooter. #garena #shooter #pubg #krafton #ign
Tags: Apple, Google, Garena, PUBG, Krafton

PUBG Maker Sues Apple and Google for Not Removing Clone Apps

Krafton, developer popular online battle game PlayerUnknown's Battlegrounds, or PUBG, has sued Apple, Google, and gaming company Garena over PUBG clone apps that copy PUBG gameplay, reports Reuters. The lawsuit accuses Garena of creating PUBG clones called "Free Fire" and "Free Fire Max," which originated in Singapore and were later released in the United States. Apple and Google are named in the lawsuit for selling the "blatantly infringing version" of PUBG that was created by Garena.As set ...
Tags: Iphone, Apple, Ios, Google, Ipad, Mac, Singapore, United States, Rumors, Epic Games, Reuters, Apple Google, NetEase, Garena, U S Apple, Fortnite

Game Maker Says Apple, Google Selling Rip-offs in New Lawsuit

The maker of the popular game "PlayerUnknown's Battlegrounds" says in a new U.S. lawsuit that a Singapore-based company made rip-off versions of its game, and Apple and Google have refused to stop selling them. From a report: Krafton alleged Monday in a Los Angeles federal court complaint that Garena Online's "Free Fire" games copy several copyrighted aspects of PUBG: Battlegrounds, including its game structure and in-game items, equipment, and locations. Released in 2017, Battlegrounds was one ...
Tags: Apple, Google, Singapore, Los Angeles, Tech, Apple Google, Garena, Sea Ltd, Krafton, Garena Online, Warzone Korea, Krafton Apple

Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

Africa is the last frontier for basically anything. Mobile gaming is no exception. For a continent that is home to more than 1 billion millennials and Gen Zers, mobile gaming has never really picked up, despite the continent witnessing rapid economic growth and smartphone adoption. Two issues have proved detrimental to this growth: distribution and payments. With fragmented and unresolved distribution and digital payments ecosystems, game studios have found it difficult to serve Afric...
Tags: New York, Sweden, Southeast Asia, Africa, Tech, Tencent, Cape Town, Ethiopia, Tokyo, League Of Legends, Vaughan, Hoffman, Garena, Gen Zers, Akatsuki Entertainment Technology Fund, Konvoy Ventures

Singapore is poised to become Asia’s Silicon Valley

Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” Tencent, ByteDance and Alibaba are reportedly planning regional hubs in the city-state, with ByteDance in particular expected to add hundreds of jobs over the next three years. They will join an international coterie of tech giants like Google, Facebook, Amazon, Stripe, Salesforce and Grab, that already have headquarters or significant operations, including engineering and R&D cente...
Tags: Google, Startups, TC, Facebook, Asia, Indonesia, Southeast Asia, Singapore, Tech, Taiwan, Alibaba, Tencent, Silicon Valley, States, Lim, Liu

The roadmap to startup consolidation in Southeast Asia is becoming clearer

While Southeast Asia’s startup ecosystems are still young compared to those in China or India, it has matured over the last five years. Unicorns like Grab, Gojek and Garena are continuing to grow, and more competitive startups are emerging in sectors like fintech, e-commerce and logistics. That leads to the question: Will consolidation start to pick up? The consensus by investors interviewed by Extra Crunch is: Yes, but slowly at first. In the meantime, there are still roadblocks to mergers and ...
Tags: Fundings & Exits, Startups, TC, Indonesia, China, Southeast Asia, Singapore, India, Tech, Fintech, Hall, Golden Gate Ventures, Crunchbase, Gojek, Moka, Consolidation

Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs

Vy Le and Dzung Nguyen, the founders and general partners of Do Ventures, an investment firm focused on early-stage Vietnamese startups New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia’s most notable institutional investors. Called Do Ventures Fund I, the investment vehicle has hit more than half of its $50 million target, with limited partners including Korean internet giant Naver; Sea, whose businesses ...
Tags: Fundings & Exits, Startups, TC, Asia, Southeast Asia, Singapore, Tech, Thailand, Venture Capital, Vietnam, Naver, Le, Tiki, Nguyen, Garena, Chon

China Roundup: Tencent’s new US gaming studio and WeChat’s new paywall

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The spotlight this week is back on Tencent, which has made some interesting moves in gaming and content publishing. There will be no roundup next week as China observes the Lunar New Year, but the battle only intensifies for the country’s internet giants, particularly short-video rivals Douyin (TikTok’s Chinese version) an...
Tags: Apple, TC, MOBA, Asia, China, Southeast Asia, US, Los Angeles, Tech, Spokesperson, Model, Software, United States, Tencent, WeChat, AAA

Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia

Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary Shares (ADS) at a price of $22.50 each. That could raise $1.35 billion, but that number could increase by a further $202 million if underwriters take up the full allotment of 9 m...
Tags: Ecommerce, Asia, Southeast Asia, Singapore, Softbank, Tech, E-commerce, Economy, Taiwan, Sea, Companies, Alibaba, Alibaba Group, AliExpress, Online Marketplaces, SoftBank Group

NetEase is the latest Chinese tech giant to lay off a big chunk of its staff

NetEase, China’s second-biggest online games publisher with a growing ecommerce segment, is laying off a significant number of its employees, adding to a list of Chinese tech giants that have shed staff following the Lunar New Year. A NetEase employee who was recently let go confirmed with TechCrunch that the company had fired a large number of people spanning multiple departments, including ecommerce, education, agriculture (yes, founder and executive officer Ding Lei has a thing for org...
Tags: Amazon, Gaming, Ecommerce, Asia, Business, China, Southeast Asia, Tech, Public Relations, E-commerce, Alibaba,, Amazon China, Tencent, Hangzhou, NetEase

Selfie app maker Meitu eyes overseas gaming market with $340 million deal

China’s largest selfie app maker Meitu has been busy working to diversify itself beyond the beauty arena in China. On Wednesday, the Hong Kong-listed company announced in a filing that it has agreed to pay a bout HK$2.7 billion ($340 million) for a  31 percent stake in game publishing company Dreamscape Horizon. Dreamscape Horizon, a subsidiary of Hong Kong-listed games group Leyou, specializes in making video games for personal computers and consoles and owns 97 percent of Canada-based studi...
Tags: Gaming, Asia, Hong Kong, New York, Hardware, China, Southeast Asia, Tech, Spokesperson, Smartphone, Smartphones, Beijing, Canada, Xiaomi, Tencent, Huawei

Kredivo raises $30M to build a digital credit card for Southeast Asia

FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia, has closed a $30 million Series B round as it begins to consider overseas expansion. The company launched its ‘Kredivo’ service two years ago to help consumers pay online in Southeast Asia, where credit card penetration is typically low, and it is essentially the combination of a digital credit card and PayPal. The service is available in Indonesia, Southeast Asia’s largest economy, where it uses a c...
Tags: UK, Indonesia, Australia, Southeast Asia, Softbank, Tech, Paypal, Alibaba, Square Peg Capital, Garena, Garg, MDI Ventures, Telkom Indonesia, Komli, Indonesia Southeast Asia, FinAccel

Facebook gives US lawmakers the names of 52 firms it gave deep data access to

In a major Friday night data dump, Facebook handed Congress a ~750-page document with responses to the 2,000 or so questions it received from US lawmakers sitting on two committees in the Senate and House back in April. The document (which condensed into a tellingly apt essence — “people data… Facebook information” — above, when we ran it through Word It Out‘s word cloud tool) would probably come in handy if you needed to put a small child to sleep, given Facebook repeats itself a distressing...
Tags: Apple, Amazon, Verizon, Facebook, Spotify, Microsoft, Yahoo, Congress, Senate, Nokia, US, Samsung, Kodak, Tech, Nike, Eu

Sea seeks $400M raise to develop its e-commerce and payment businesses

Southeast Asia-based internet firm Sea is raising $400 million through the sale of notes in what would be its first fundraising activity since it went public via in an October 2017 IPO that raised over $1 billion. The Singapore-based company, formerly known as Garena, said that the senior note offering will put toward general costs and business expansion. Long-time investor Tencent is expected to buy up $50 million of the notes on offer, and the offering itself could be extended by a further $60...
Tags: Google, Fundings & Exits, Startups, Asia, Southeast Asia, Singapore, Sea, Alibaba, Tencent, Yahoo Finance, Garena, Lazada, Airpay, Shopee

Southeast Asia-based mobile listings startup Carousell raises $85M

Carousell, the Singapore-based mobile listing service that operates across Southeast Asia, has pulled in an $85 million Series C fund as it seeks to strengthen its business among the region’s competitive e-commerce landscape before expanding globally. The round was co-led by existing investor Rakuten Ventures and EDBI, the corporate investment arm of Singapore’s Economic Development Board. Other participants included returning investors 500 Startups, Golden Gate Ventures and Sequoia India ...
Tags: Fundings & Exits, Ecommerce, Asia, Hong Kong, Indonesia, Southeast Asia, Singapore, US, Tech, Taiwan, Thailand, Alibaba, Xiaomi, Vietnam, Nus, Razer

Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and it added another $1 billion last summer to increase its equity to around 83 percent. With today’s news, Alibaba has invested $4 billion to date which it said...
Tags: Amazon, Fundings & Exits, Ecommerce, Asia, Southeast Asia, Singapore, Tech, Alibaba, Alibaba Group, Taobao, Bittner, Garena, Peng, Lazada, Tokopedia, U S IPO

Sea President Nick Nash is leaving to start his own Asia-focused investment fund

 Nick Nash is leaving his role as group president of Sea, the Singapore-based games and e-commerce company that went public in the U.S. last year, to start his own startup fund. Sea announced that Nash will exit the company at the end of 2018, giving it plenty of time to transition and find a replacement. In the meantime, TechCrunch understands that Nash will begin fundraising with a view to… Read More
Tags: Asia, Southeast Asia, Singapore, Tech, Sea, Earnings, Nash, Garena, Nick Nash

Southeast Asia gaming and e-commerce firm Sea ends first day on NYSE up 8%

 Sea, the gaming and e-commerce company holding the first major U.S. IPO from a Southeast Asian tech firm, had a bumpy start to life on the NYSE after closing the day up around eight percent on its list price of $15. The company raised $884 million from its listing, but it could surpass $1 billion if all allotted shares are purchased by underwriters. The share — listed as… Read More
Tags: Asia, Tech, Sea, Tencent, Initial Public Offering, Nyse, Garena, U S IPO

Southeast Asia’s Sea, formerly Garena, to raise upwards of $884M in US IPO

 Sea, the Singapore-based digital entertainment firm formerly known as Garena, is set to raise upwards of $884 million when it lists on the New York Stock Exchange Friday under ‘SE’. The company, which specializes in publishing games but also offers payment and e-commerce services, has priced its shares at $15 — above the $12-$14 range it previously set out. Sea originally… Read More
Tags: Asia, Southeast Asia, Singapore, US, Tech, New York Stock Exchange, Garena

Vertex Ventures closes new $210M fund for Southeast Asia and India

 Vertex Ventures, one of the VC funds that is linked to Singapore sovereign fund Temasek, has closed its third investment fund for Southeast Asia and India with a total of $210 million for investment. Vertex Venture Holdings operates five funds across the world, which include vehicles focused on the U.S., Israel and healthcare. This is the third installment of its fund for India and Southeast… Read More
Tags: Fundings & Exits, Asia, Finance, Southeast Asia, Singapore, India, Israel, Tech, Economy, Software, Paktor, Vertex Venture Holdings, Temasek, Garena, Temasek Holdings, Vertex Ventures

10 things in tech you need to know today (FB, AAPL, INTC, TWTR, NTDOY)

Good morning! Here is the tech news you need to start your week. 1. Meal-delivery service Deliveroo is now valued at over $2 billion (£1.4 billion). The company raised $385 million (£284 million) in its latest funding round, becoming one of the most valuable tech companies in the UK. 2. Uber's petition to "Save Your Uber in London" has now surpassed 634,000 signatures. The petition, which follows Transport for London's decision not to renew Uber's licence to operate in the city, will be delivere...
Tags: Apple, Google, Facebook, Mark Zuckerberg, UK, London, Obama, China, US, Barack Obama, Trends, Intel, Philippines, Nintendo, New York Stock Exchange, Imagination Technologies

Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

 Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More
Tags: Fundings & Exits, Asia, Finance, Southeast Asia, Tech, Alibaba, Tencent, New York Stock Exchange, Stock Market, Initial Public Offering, Temasek, Garena, U S IPO

Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

 Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. Read More
Tags: Fundings & Exits, Startups, TC, Ecommerce, Asia, Indonesia, Southeast Asia, Singapore, Tech, Bloomberg, Sea, Garena, Sea Ltd

Too old? Not a tech geek? The ICT sector welcomes you

By Kenneth Chengent Amid the slowing economy and uncertain job market, many Singaporeans have said they are unsure of where to start looking for opportunities in several growth industries. To that end, TODAY has launched an eight-part weekly series that looks at the openings available, the prospects and how workers can equip themselves with the skills for these positions. In the previous instalments, we looked at the logistics, food manufacturing, hotel and early childhood industries. This week,...
Tags: Apple, Ecommerce, Asia, Microsoft, Singapore, Taiwan, Nus, Iss, Cambridge University, South, General Assembly, Ncs, E-strategies/policy, Koh, National University of Singapore NUS, ICT

Garena, Southeast Asia’s most valuable tech startup, lands additional funding

 Garena, Southeast Asia’s most valuable technology startup, has closed additional funding three new investors: SeaTown Holdings International, an affiliate of Singaporean sovereign wealth fund Temasek, Indonesia’s GDP Venture, and Mistletoe, a Japan-based fund from Taizo Son, the younger brother of SoftBank CEO Masayoshi Son. Read More
Tags: Fundings & Exits, Asia, Japan, Softbank, Tech, Commerce, Social Commerce, Garena

Golden Gate Ventures wraps up second Southeast Asia fund at $60 mln

Golden Gate Ventures has closed its second oversubscribed early-stage venture fund at $60 million, beating its original $50 million target. The fund will focus on Southeast Asia. Its limited partners include Temasek, two unidentified Asia-based institutions and Hanwha Life Insurance. PRESS RELEASE (PRWEB) June 14, 2016 Golden Gate Ventures is announcing the final close of its second early stage venture fund. The final size of the fund is USD $60 million, with investors from across Asia, Europe a...
Tags: Google, Asia, Indonesia, China, Southeast Asia, Singapore, US, Trends, Thailand, Middle East, Alibaba, Venture Capital, Funds, Golden Gate Ventures, Vinnie Lauria, Temasek

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