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Li founded Sea in 2009, initially as a digital entertainment company under the name Garena. [5] At the time, the company had only operated out of a single shophouse off Maxwell Road at Tanjong Pagar. [6]
By 2014, Garena was valued at US$ 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. [12] [13] In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion. [14]
Garena was established by Forrest Li in Singapore in 2009. [8] In 2010, Riot Games awarded the publishing rights of League of Legends (LoL) to Garena, for the game’s first launch in Southeast Asia. [9] In November 2011, Garena announced its publishing rights for the team-based shooter game, Firefall, in Southeast Asia and Taiwan. [10]
In 2012, he owned about 2% of Facebook shares, [6] valued at approximately $2 billion at the time. [ 7 ] [ 8 ] Based in Singapore , [ 9 ] he is the co-founder and co-CEO of the venture capital firm B Capital , and has also invested in early-stage startups such as Qwiki [ 10 ] and Jumio . [ 11 ]
The Guardian publishes The Facebook Files, leaked Facebook documents detailing Facebook's moderation policies for graphic depictions of sex and violence as well as racist, sexist, and hate speech. [ 596 ] [ 597 ] The revelations lead to public discussion of the specifics of Facebook's policies, as well as calls on Facebook to be more transparent.
Facebook enables users to control access to individual posts and their profile [122] through privacy settings. [123] The user's name and profile picture (if applicable) are public. Facebook's revenue depends on targeted advertising, which involves analyzing user data to decide which ads to show each user.
Mark Elliot Zuckerberg (/ ˈ z ʌ k ər b ɜːr ɡ /; born May 14, 1984) is an American businessman who co-founded the social media service Facebook and its parent company Meta Platforms, of which he is the chairman, chief executive officer, and controlling shareholder.
TiMi Studio Group (Chinese: 天美工作室群; pinyin: Tiānměi Gōngzuò Shìqún), a subsidiary of Tencent Games, is a video game development studio group headquartered in Shenzhen, China and offices in Singapore, Montréal, Seattle, Los Angeles, Chengdu, and Shanghai.