Category: Gaming

myfisensemyfisenseSeptember 10, 2021

Singapore-based gaming and e-commerce company Sea Ltd has raised about $6 billion in an equity and convertible bond sale, making it Southeast Asia’s largest fund raising. The company priced 11 million American Depository Receipts at $318 each, together with $2.5 billion in a convertible bond. Shares of Sea, Southeast Asia’s most valuable listed company […]

myfisensemyfisenseSeptember 10, 2021

(Bloomberg) — Kakao Corp. and its listed subsidiaries have lost more than $16 billion in market value this month as South Korea ramps up its own version of tech crackdowns. Kakao itself has shed nearly $10 billion as foreign and local institutional investors dumped the stock after prominent lawmakers called the nation’s biggest messaging and […]

myfisensemyfisenseSeptember 9, 2021

Singapore-headquartered e-commerce and gaming giant Sea Ltd announced that it is raising up to $6.3 billion by offering American Depositary Shares (ADSs) and convertible bonds, in what will be one of Southeast Asia’s largest fundraisings. Proceeds from the fundraising will be used to fuel the company’s business expansion, including potential strategic investments and acquisitions, and […]

myfisensemyfisenseMarch 25, 2021

ByteDance has acquired major mobile gaming studio Moonton, highlighting its ambitions in the video game industry and pitting it against Chinese giant Tencent, according to GUANGZHOU, China. Mostly known as the proprietor of TikTok or Douyin in China, ByteDance is eyeing to expand beyond marketing and take a cut of $86 billion mobile gaming market as […]

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