Razer Is Pumping US$7.2 Million Into Singapore Esports
Over the next 12 months Min-Liang Tan, co-founder and CEO of Razer, announced he will be pouring US$7.2 million (SGD$10m) into Singapore’s esports scene. With the investment, Tan looks to support esports teams and gaming companies based in the city-state or founded by Singaporeans. This news comes off the heels of Razer backing the Southeast Asian Games as their official partner for esports. As well as the launch of the first Esports Bootcamp in the region.
“This funding will also go in part to Team Singapore, which we are supporting for the SEA Games (which we are also the official esports partner) later this year where esports will be, for the first time ever, a medalled sport,” Tan said in a Facebook post.
As a pioneer in e-sports since its founding in 2005, Razer has been pushing on multiple fronts to elevate professional gaming across the globe. The company is officially listed in Hong Kong and has 18 offices worldwide. The company looks to double its headcount over the next few years as it moves into its Southeast Asia headquarters in One North, Singapore in 2020.
Esports is a key focal point in the growth strategy of Razer. Part of its growth plans is a partnership with Chinese tech giant Tencent on mobile gaming.