Forrest Li, founder and group chief executive officer of Garena Interactive Holding Ltd., speaks during an interview at the companys headquarters in Singapore, on Thursday, Aug. 25, 2016. Garena, a gaming and e-commerce empire that is now Southeast Asias largest startup, is a Singapore-based company thats valued at more than 3.75 billion. Photographer: Nicky Loh/Bloomberg
SINGAPORE: Garena has rebranded as Sea Ltd after South-East Asia’s most valuable startup secured US$550mil in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia.
The eight-year-old startup backed by Tencent Holdings Ltd landed a clutch of new investors in its latest funding round, including some of the region’s wealthiest families.
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