Tencent Give Garena The Right To Game Distribution In The Southeast Asia Region

If talking about Tencent in Southeast Asia, Garena must be imagined as his partner, that is the image that was built between the two companies. Recently Garena, a Singapore-based company, signed a new agreement with a partner who has long worked together, Tencent Holdings. Tencent with Garena has been willing to work together to publish and offer a number of games in the Southeast Asian region. Currently, they are reaffirming cooperation and giving Garena the right to be the first to publish PC games and games rather than Tencent.

 Under the agreement, Tencent will grant Garena the right to obtain an offer in advance to publish Tencent PC and mobile games in the Southeast Asia area including Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore.

Alright, we start from the simplest! What is Tencent? Who are they? Tencent is a Chinese technology company. The name Tencent is included in the top three! They are side by side with Alibaba and Baidu. Then, what are their products? In addition to games, Tencent mastered social media in China thanks to WeChat, Moments, Mobile QQ, and QQ applications. Because mainstream social media like Twitter and Facebook are not accessible in China, 1.3 billion Chinese people have the potential to use their creation platform!

Now we will discuss what games are "owned" by Tencent in the world! First, they own Riot Games. Yes, you don't misread it! Riot Games, which is a League of Legends developer, is actually owned by Tencent! In fact, they already have more than 90 percent of the shares of Riot Games in 2011! Until precisely in December 2015, Riot Games finally sold the remaining shares to Tencent, which completed the acquisition of the Chinese company with the LoL developer.

Last is Epic Games, where Tencent bought forty percent of the company's shares in 2013. Epic Games itself is a game developer who has released several famous works such as Infinity Blade, Gears of War, and Unreal Tournament. Epic Games is also the creator of the Unreal Engine which is often used in various PC and mobile games.

Some of the popular games include the Arena of Valor and League of Legends. The two companies intend to work together to identify strategic opportunities to distribute and promote the top titles of Tencent portfolios in relevant markets, said the two companies in a press release on Monday.

Sea as the parent of Garena itself is based in Singapore and registered on the New York exchange. Garena is also the parent of the Shopee e-commerce platform in Indonesia, where some time ago Shopee and Garena AOV Indonesia collaborated on ANC Grand Final season 2 performances in Bandung.

Singapore's entertainment and esport company, Garena, has signed a binding agreement with one of the Tencent Holdings affiliates. Under the agreement, Tencent will grant Garena the right to obtain an offer in advance to publish Tencent PC and mobile games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore.

The five-year partnership builds on a long-standing strategic partnership between Tencent and Garena, which has published a number of the most successful games from Tencent's portfolio on its core market. Some of the popular games include the Arena of Valor and League of Legends, reported by The Straits Times. The two companies intend to work together to identify strategic opportunities to distribute and promote the top titles of Tencent portfolios in relevant markets, said the two companies in a press release

Forrest Li, chairman, and CEO of the Sea group, parent of Garena, said: "This agreement further strengthens our strategic partnership with Tencent, to bring high-quality IP to the large and growing gaming community in our region." Sea is headquartered in Singapore and registered on the New York stock exchange. General itself is the parent of the Indonesian Shopee e-commerce platform. Garena operates in some of the fastest-growing markets globally and has an in-depth understanding of the dynamics in this region. Our long-term partnership and collaboration with Garena on the main titles have been successful, and we are pleased to further deepen our strategic partnership through agreements this, "said Tencent President Martin Lau.

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