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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.
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.
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]
[54] [55] It went on to become the fourth highest-grossing video game of 2020 with $2.13 billion, [56] and then the eighth highest-grossing mobile game of 2021 with $1.2 billion, [57] for a total of at least $4.33 billion grossed as of 2021. In 2020 and 2021, Free Fire won the Esports Mobile Game of the Year award at the Esports Awards. [58]