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.
"We see tre...
This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network