What you’ll learn from this report:
Garena is a games developer based in Singapore and founded in 2009. In 2017, the company’s holding group name was changed into Sea Limited, although Garena remains the brand name for the game / digital entertainment division. Sea’s IPO on the New York Stock Exchange in 2017 raised $884 million, the largest recorded for a Southeast Asian-based digital company (Niko Partners was an analyst of record for the IPO filings). Garena develops, curates and operates mobile and PC online games that are localized and published in many markets. The company has expanded from coverage in Southeast Asia and Chinese Taipei to more regions, with success building in countries including India and Brazil.
As Southeast Asia is the fastest growing region for the online games market and esports in the world, Garena is in an advantageous position for growth. Like many games companies, Garena benefited during the quarantines and stay at home orders of the COVID-19 pandemic in 2020. While Sea also has e-commerce and digital finance operations, this report focuses on Garena’s strategy for games and how it plans to continue its growth amidst changes in the market.
PUBLISHED OCTOBER 2020
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