Business & Economy S$10m boost to Singapore gaming, e-sports over next 12 months from Razer...

S$10m boost to Singapore gaming, e-sports over next 12 months from Razer chief

The funding would go towards backing up e-sports teams, as well as investing in gaming and e-sports establishments in Singapore, or those founded by Singaporeans

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RAZER chief executive Tan Min-Liang has committed S$10 million for the Singapore gaming and e-sports scene in the next 12 months. This would be the largest funding commitment ever made by a gaming peripherals brand.

The said funding includes backing up e-sports teams, as well as investing in gaming and e-sports establishments in Singapore, or those founded by Singaporeans.

A portion of the funding will be for Team Singapore, a group Razer is supporting for the SEA Games later in the year – wherein e-sports will be an awarded sport for the first time, Mr Tan added.

The official e-sports partner for the 30th SEA Games 2019, Razer recently organised a South-east Asia e-sports boot camp in Singapore where national e-sports teams from Singapore, Malaysia, the Philippines, Thailand and Indonesia have been assembled and trained.

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It also opened its largest retail store – at over 2,400 square feet – in Las Vegas, which will also host e-sports events together with industry partners.

Aside from its e-sports endeavours, the technology firm in June expressed interest in applying for a digital banking licence after the Monetary Authority of Singapore announced its intention to issue up to five new licences with applications starting from August.

In the same month, Razer also acquired partnership with Visa to introduce a prepaid Visa solution through the Razer Pay app.

RAZER, the company

Razer is the world’s leading lifestyle brand for gamers.

The three-headed snake logo of Razer is one of the most recognized trademarks in the global gaming and e-sports communities. With a fan base that stretches to every continent, the company has designed and built the world’s biggest gamer-focused ecosystem of hardware, software and services.

Razer’s award-winning hardware ranges from high-performance gaming peripherals (for the PC and console platforms) to the Razer Blade gaming laptops. Razer’s software platform, with approximately 60M users, includes Razer Synapse (an Internet of Things platform), Razer Chroma (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher). In services, Razer zGold is one of the world’s largest virtual credit services for gamers. Razer Pay is the e-wallet designed for youth and the millennial.

Founded in 2005 and headquartered both in San Francisco and Singapore, Razer has 18 offices around the world and is recognized as the leading brand for gamers in the USA, Europe and China. -/TISG

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