Hillhouse Capital Joins $550M Round In Singapore Online Game Developer Sea

Sea Ltd., a Singaporean online game developer formerly known as Garena Interactive Holding Ltd, has raised a US$550 million funding round from investors, including Chinese investment firm Hillhouse Capital.

Other investors in the round include Taiwan-based Cathay Financial Holding Co., Ltd., GDP Venture, American investment firm Farallon Capital Management LLC, Philippine-based JG Summit Holdings Inc. and Uni-President Enterprises Corporation, the firm said in an announcement.

Founded in 2008, Sea currently operates three platforms, including Garena, a digital entertainment platform developing mobile and computer games, Shopee, a mobile-centric eCommerce platform, and digital financial services platform AirPay. The company claims it is the largest Internet and mobile platform company in the Greater Southeast Asia region.

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