Tag Archives: Garena

Parent Company Of Shopee Slashes Costs + Salaries!

Sea Limited – the parent company of Shopee – appears to be in dire straits, pulling out of markets, slashing costs and salaries!

Parent Company Of Shopee Slashes Costs + Salaries!

Singapore-based Sea Limited – Shopee’s parent company – appears to be in dire straits, pulling out of markets, slashing costs and salaries!

In March 2022, Shopee shut down its France operations less than 6 months after kicking off its “European conquest” in October 2021.

Then in early September 2022, Shopee exited Argentina, and shut down its local operations in Chile, Colombia and Mexico. Sea Limited’s Garena gaming unit also laid off hundreds of employees in Shanghai.

Today (September 15, 2022), Bloomberg reported that Sea Limited’s top management staff will forgo their salaries, and the company will tighten its expenses.

In a 1,000-word internal memo to Sea Limited staff, CEO Forrest Li said that the leadership team will not take any cash compensation “until the company reaches self-sufficiency”, as well as these additional measures :

business travel is restricted to economy class flights,
travel meal expenses are limited to US$30 a day,
hotel stays for business trips are limited to US$150 a night
reimbursements for meals and entertainment bills will be removed

Sea Limited + Shopee Have Been Struggling In 2022

Li noted that Sea Limited has been struggling against rising interest rates, accelerating inflation, and a volatile market – conditions that he foresees will likely persist into the medium term.

He stressed that the company’s primary objective for the next 12-18 months will be to achieve positive cashflow as soon as possible.

With investors fleeing for ‘safe haven’ investments, we do not anticipate being able to raise funds in the market.

The only way for us to free ourselves from relying on external capital is to become self-sufficient, generating enough cash for all our own needs and projects.

Li’s comments mirrors the “tough times” concerns recently expressed by HUAWEI CEO Ren Zhengfe.

Read more : HUAWEI CEO Ren Zhengfei Warns Of Tough Times!

Sea Limited saw its market value soar to more than US$200 billion in October 2021, but its share prices tumbled 85%, reducing its market value to just US$27 billion.

Last month, Sea announced that its net loss in the second quarter of 2022 widened to US$931.20 million from US$433.7 million last year. Its total adjusted loss before interest, taxes, depreciation and amortisation for that quarter also jumped to US$506.3 minion from US$24.1 million.

This was despite a 29% increase in total revenue to US$2.9 billion, from US$2.3 billion in the second quarter of last year.

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He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

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realme Caught Faking narzo 50 Gameplay During Launch?!

Was realme caught faking their new narzo 50 smartphone’s gaming capabilities during the official launch event?!

Take a look at the video, and see if you spot the mistake they made!

realme Caught Faking narzo 50 Gameplay During Launch?!

The realme narzo 50 launch in India on 24 February 2022 involved a series of challenges to showcase its superiority over other smartphones.

To make the challenges look genuine, they had an e-sports streamer, Assassin Army, face off against realme India’s digital marketing officer, Rahul Kumar.

Unfortunately, a glitch in the Matrix derailed their plans, and revealed that they were apparently faking the narzo 50’s gameplay. See if you can spot the mistake they made in the video…

The “glitch” happened in Round 2, where both Assassin Army and Rahul Kumar had to try to “snipe” at each other in Garena Free Fire, without using a scope.

Assassin Army won this round, by being the first to shoot Rahul because “the display is so smooth and lag free that I got [it] in my first try!”

Rahul agreed, and explained that the “120 Hz refresh rate definitely would have helped“, because it is “double of what you get in a normal smartphone“.

The trouble is – just before Assassin Army cried out in victory, he appeared to accidentally trigger the Gallery app, showing that it was a pre-recorded video.

You can see that he triggered it at around 1:06 minute of the 11:55 minute long pre-recorded video. You can also see the Gallery app’s Pause, Share and Edit icons, as well as the navigation bar at the top.

If you look carefully at the lower left corner of the video, you can also see that they pre-recorded the session almost 2 weeks earlier – on 12 February 2022.

You would have thought that someone at realme would have noticed the mistake, and reshoot that segment. But fortunately for us, they missed it. Otherwise, we might never have realised that the gameplay was faked!

It’s hard to understand why realme would bother faking the narzo 50’s gameplay, since the whole event was scripted and pre-recorded. They could have recorded the actual gameplay, and edited the video.

Besides, the narzo 50 is a cheap mid-range smartphone that only costs Rs 12,999, which is roughly US$173 / £129 / A$240 / S$234 / RM 729. No one would mistake it for a “killer gaming smartphone”.

Before narzo 50, It Was The narzo 30A…

This isn’t the first time realme was caught faking a demo. Some of you may recall the narzo 30A scandal.

Less than a year ago, realme apparently used an Apple iPhone for their gaming demonstration during the official narzo 30A launch in Bangladesh!

And that came just days after they were exposed for cheating in AnTuTu Benchmark, which realme claimed was “a bug” at that time.

Read more : Realme Caught Using iPhone To Demo narzo 30A Gaming?

Please Support My Work!

Support my work through a bank transfer / PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

Recommended Reading

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The Digi Freedom to Internet Offers Explained!

Digi just launched Digi Freedom to Internet, offering more value, convenience and exclusive services. But there are not one, or two, but FOUR Digi Freedom propositions. Confused? We summarise the new Digi Freedom to Internet offers, so you know what exactly they mean for you!

The Digi Freedom to Internet Offers

First, let us remind you that freedom is NOT free – Digi is not giving away anything free. What they’re offering is a clearer, easier way to manage your costs while getting the services you want at a lower cost.

In this video, Digi’s Head of Digital Product & Services, Prashant Pathmanaban, and Benjamin Tan, Digi’s Head of Postpaid, gives an in-depth presentation of the Digi Freedom to Internet offers. There is even a hilarious short video starring pindaPanda!

Digi Freedom to Internet consists of four “Freedom propositions” – Music Freedom, Video Freedom, Gaming Freedom and Roaming Freedom.

Music Freedom

All Digi Postpaid and Prepaid customers, who have been with the company for at least six months, will receive an upgrade of their Music Freedom quota – from 1 GB to 5 GB. This is the music streaming quota monthly for music streaming services such as Spotify, Joox and Smule.

Video Freedom

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For only RM 5 per month, Digi customers can buy 5 GB of video streaming quota to get access to and watch premium TV series and movies on Viu. Digi will offer launch a similar offer for iflix and Tonton very soon.

Gaming Freedom

Digi Postpaid and Prepaid customers can now purchase in-game items for their favourite Steam and Garena game titles, such as League of Legends, Dota 2, Counter-Strike and FIFA, without debit or credit cards. With Gaming Freedom, they can simply choose to pay through their Digi accounts.

Digi will also offer exclusive gaming offers like unique collectible top-up cards, in-game items, as well as access to top gaming events. Their first gaming offer – a series of League of Legends collectible top-up cards will be offered for sale beginning 1st July 2017.

Roaming Freedom

Customers on the Digi Postpaid 110 plan or better will enjoy free roaming in 8 countries – China, Hong Kong, Taiwan, Singapore, Thailand, Indonesia, Myanmar and Brunei. Customers on the Digi Postpaid 80 plan will just pay a small RM 10 fee to enjoy the same benefit.

Digi will also offer Internet passes from only RM 5 per day, and a 3-day combo pass (2 GB Internet + 30 minutes of calls) for RM 25 per day.

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Lenovo Game On – New eSports & Gaming System Updates!

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At the Lenovo Game On event, Lenovo officially launched the IdeaCentre Y710 Cube gaming system, which backstops their latest slew of mobile and desktop gaming systems. They also took the opportunity to announce their partnership with Microsoft to jointly sponsor ESL One Genting, and their collaboration with Intel in the League of Champions. Check out the updates at the Lenovo Game On event!

Game On With Lenovo

Lenovo is collaborating with Intel and Garena to bring the League of Champions to South East Asia. League of Legend gamers in the region can sign up to compete on 15 November 2016. The best teams will head on to the finals in Bangkok on 13-15 January 2017!

Lenovo and Microsoft will be platinum sponsors for the ESL One Genting Dota 2 tournament that will be held from 6-9 January 2017 at the Arena of Stars, Genting. If you purchase selected Lenovo IdeaPads, you could win an all-expense paid trip to the ESL One Genting finals.

“Driven by the emergence of video game streaming, virtual reality and augmented reality as a means of enhancing and expanding interactive entertainment, PC gaming is still very relevant today. Despite fierce competition, we still see a strong opportunity to be part of the gaming sector as part of our continued commitment to users,” said Khoo Hung Chuan, Lenovo Country General Manager of Malaysia and Singapore, Central Asia Pacific.

The IdeaCentre Y710 Cube Launched At Lenovo Game On

Khoo Hung Chuan then officially launched Lenovo’s latest gaming system – the IdeaCentre Y710 Cube with Gregory Beh, Gaming Category Lead, Lenovo Asia Pacific, who flew in from Singapore to tell us about the new IdeaCentre Y710 Cube. Check it out!

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