Sea Limited, the parent company of Shopee, Garena and SEA Money, announced today (March 2) its financial results for the fourth quarter and full year ended 31 December 2020. In 2020, Sea recorded a total GAAP revenue of US$ 4.4 billion, up 101.1 per cent year-on-year. Meanwhile, its total gross …
Read More »They Started A Shellfish Business Amid COVID-19 – Hit Over S$230K Revenue In Just 70 Days
Tucked away in the famous Holland Block 6 Hawker Centre is Kin Hoi, a shellfish specialty store that dubs itself as “probably the best shellfish brand in Singapore.” It is founded by Daniel Teo and Atchara Nimnuan, who are both fresh out of the corporate world. Despite having little experience …
Read More »Roblox plans to list shares on March 10, reports 82% revenue growth to $923 million for 2020
Roblox, the platform for user-generated games, will go public through a direct listing of its shares on March 10. The company also reported that it lost $ 253.3 million on revenues of $ 923.9 million for the year ended December 31. The San Mateo, California-based company original planned for an …
Read More »60 Oculus virtual reality titles have generated more than $1 million in revenue
Facebook’s Oculus division has picked up momentum, and the company said more 60 virtual reality games and apps on the Oculus Quest VR headset platform have generated more than $ 1 million in revenue. In a blog post, Facebook Reality Labs’ Mike Verdu said that six titles have generated more …
Read More »School Dropout To Hawker: This S’porean Now Runs A F&B Empire That Made $150M Annual Revenue
In 1985, the then-15-year-old Tan Kim Siong dropped out of school to work full-time in a hawker stall. Since age 13, he had been helping his grandmother at her Teochew fishball noodles store, while also working as an assistant for other hawker stalls. These stints helped him score a full-time …
Read More »MaGIC’s GAP Has Helped Over 151 Startups And Generated More Than RM235 Mil Of Revenue
[This is a sponsored article with MaGIC.] Last week, 39 startups emerged from their eye-opening 3-month journey through the Malaysian Global Innovation & Creativity Centre (MaGIC)’s Global Accelerator Programme (GAP). But unlike previous GAP cohorts, this year’s programme was completely virtual and its main focus was to build and equip …
Read More »Regardless of genre, in-game ads are building revenue and increasing retention (VB Live)
Get the most out of your game’s subscription plans Best practices for designing and managing your subscription strategy Access guide here Presented by Facebook Audience Network In-game advertising is a major win for publishers. But to maximize the revenue impact you need the right formats and strategies. For an in-depth …
Read More »How This S’pore Couple’s “CHU-ly” Good Collagen Soup Brand Saw 6-Figure Revenue In 7 Months
During the three-month circuit breaker in Singapore when most were home-bound, many turned to starting their own businesses and passion projects. From confectionary products to cold brew, the home-based delivery industry boomed during that period. CHU Collagen is one of the businesses that launched during the circuit breaker period, and …
Read More »Twitter Q3 2020 revenue smashes estimates with $936 million as user growth slows
How startups are scaling communication The pandemic is making startups take a close look at ramping up their communication solutions. Learn how Twitter today reported strong revenue growth for Q3 2020, while its monetizable users also grew year-on-year (YoY) even though they fell short of estimates. The social networking giant …
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