By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Billionaire Forrest Li’s Sea Relaunches Popular Mobile Game ‘Free Fire’ In India After Ban
Markets

Billionaire Forrest Li’s Sea Relaunches Popular Mobile Game ‘Free Fire’ In India After Ban

News Room
Last updated: 2023/09/01 at 5:47 AM
By News Room
Share
3 Min Read
SHARE

Sea Ltd., the Singapore-based internet giant controlled by billionaire cofounder Forrest Li, is relaunching Free Fire in India a year and a half after the popular mobile game was banned in the country.

Sea’s gaming unit, Garena, said on Thursday that the game will be available for download in India from September 5. Now called Free Fire India, the game will offer features designed to “promote safe, healthy and fun gameplay,” including parental supervision system and break reminders, Garena added in a statement. Its partner Yotta, the data service unit of Indian property billionaire Niranjan Hiranandani’s Hiranandani Group, will provide infrastructure to store Indian users’ data on local servers.

“India is home to very passionate communities of esports enthusiasts and we are excited to be able to support our fans from Bharat with the launch of Free Fire India,” Gang Ye, the billionaire cofounder and chief operating officer of Sea, said in the statement. “We believe our partnership with Yotta will ensure that our users can enjoy the highest quality gameplay experience and benefit from Yotta’s expertise in protecting and securing Indian user data.”

In February last year, India blocked access to Free Fire as part of a crackdown on some 50 apps it believed were sending user data to servers in China. The ban of Free Fire, which was among India’s most popular mobile games, at the time wiped out more than $16 billion of Sea’s market capitalization in a day.

The long-awaited return of Free Fire in the world’s most populous country could help reignite Sea’s slowing business. Last month, the New York-listed company once again disappointed investors with its lower-than-expected quarterly revenue, including a 41% year-over-year plunge in sales of profit-making Garena. Profits from Garena help fund Sea’s expansion in the cut-throat e-commerce market, where it competes with Alibaba’s Southeast Asia-focused Lazada, and grow its nascent digital financial service.

Despite the reintroduction of Free Fire India, Sea has yet to reveal plans for its halted e-commerce operations in India. The company, which counts Chinese tech behemoth Tencent as its biggest shareholder, shut down Shopee India a month after authorities prohibited Fire Free amid growing hostility between the country and China.

Read the full article here

News Room September 1, 2023 September 1, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Fraudsters use AI to fake artwork authenticity and ownership

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

JPMorgan questioned Tricolor’s accounting a year before its collapse

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Netflix misses Q3 earnings estimates, meme stock trade returns as Beyond Meat rallies 1,300%

Watch full video on YouTube

How subsea cables power the global internet

Watch full video on YouTube

Google and Anthropic reportedly in cloud deal talks, Netflix falls after earnings miss

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?