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Garena was established by Forrest Li in Singapore in 2009. [8] In 2010, Riot Games awarded the publishing rights of League of Legends (LoL) to Garena, for the game’s first launch in Southeast Asia. [9] In November 2011, Garena announced its publishing rights for the team-based shooter game, Firefall, in Southeast Asia and Taiwan. [10]
The Vietnam Championship Series (VCS) is a professional League of Legends esports league run by Riot Games and VNG Games, a subsidiary of VNG Corporation since 2022 after Garena stopped publishing League of Legends and its major competitions in Vietnam. From 2013 to 2017, the VCS was a tier below Garena Premier League (GPL). In 2018, the VCS ...
[62] [63] In February 2021, Garena announced the Free Fire World Series (FFWS) with a $2 million prize pool. [64] In 2021, the Free Fire World Series became the most-watched esports event in history with over 5.4 million peak live viewers, surpassing the 2022 League of Legends World Championship which had 5.1 million peak viewers. [65] [66] [67]
By 2014, Garena was valued at US$ 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. [ 12 ] [ 13 ] In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion.
Arena of Valor (Chinese: 傳說對決; pinyin: Chuánshuō Duìjué), formerly Strike of Kings, [2] is an international adaptation of Honor of Kings (Chinese: 王者荣耀; pinyin: Wángzhě Róngyào), [a] a multiplayer online battle arena developed by TiMi Studio Group and published by Level Infinite for Android, iOS and Nintendo Switch for markets outside Mainland China.