Plus   Neg

Singapore's Sea Signs Long-Term Publishing Partnership With Tencent

Singapore-based Internet company Sea Limited (SE), formerly Garena Interactive Holding Limited, announced late Sunday that its digital entertainment arm Garena and an affiliate of China-based Tencent Holdings Limited (TCEHY.PK) have signed a binding letter of intent.

Under this, Tencent will grant Garena a right of first refusal to publish Tencent's mobile and PC games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore.

The arrangement strengthens a long-standing strategic partnership between Garena and Tencent. Garena already publishes a number of the most successful games from Tencent's portfolio in its core markets, including Arena of Valor and League of Legends.

Following the implementation of this arrangement, the two companies intend to work closely together to identify strategic opportunities to distribute and promote top titles from Tencent's portfolio in the relevant markets. The arrangement will be in force for a period of five years.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix said it will donate 1 million euros to Audiens, the social protection group of the French cultural sector, to help launch a COVID-19 emergency relief fund to support workers in the French television and cinema industry. Netflix and Audiens said they have created the new COVID-19 Film and TV Emergency Relief Fund to help the hardest hit workers in the industry. Major U.S. retail container ports are estimated to report a five-year low for imports in March as consumer demand has been impacted with millions of Americans out of work amid the coronavirus (COVID-19) outbreak, according to a report by the National Retail Federation or NRF. The U.S. Food and Drug Administration has issued warning letters to three sellers of fraudulent COVID-19 products. There are currently no approved preventatives or treatments for COVID-19, the FDA said in a statement.
Follow RTT