The Unicorn; Garena Online; 独角兽企业; 49/174

The Unicorn; Garena Online; 独角兽企业; 49/174


49.Garena Online

 

 

Company Information

Valuation $2.5 billion
Sector Software
Headquarters Singapore
Founded 2009
CEO Forrest Li

 

 

Garena

Garena is a consumer Internet platform provider based in Asia.[1] It was founded in Singapore in 2009.

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.

In 2014, it was valued at $1 billion, and in March 2015, the Ontario Teachers Pension Plan invested in the company, driving its value up to $2.5 billion.

Forrest Li Founder, Chairman and Group CEO

Forrest founded Garena in May 2009 and has been the company’s Chairman and Chief Executive Officer since its inception. Forrest aspires to make people’s daily life better through technology, and has devoted most of his career to pursuing that goal.

Under his leadership, Garena has grown from a four-member founding team into a 4,500-strong* company, with presence in more than 10 countries in Asia and beyond. Today, Garena is the largest Internet and mobile platform company in Southeast Asia.

By providing strategic counsel to talented entrepreneurs, Forrest also aims to bolster the technology entrepreneurship ecosystem in the region. He has participated in and contributed to the formation and development of several early-stage technology start-up projects such as the successful e-commerce company RedMart, where he is a board member.

In 2015, Forrest was awarded Ernst & Young’s Entrepreneur of the Year award for Internet and Mobile in Singapore.

He holds an MBA from Stanford University in the United States and a Bachelor’s degree in Engineering from Shanghai Jiaotong University in China. Prior to founding Garena, Forrest worked at Motorola, Corning and MTV Networks.

 

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