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Why the rise of Singapore’s tech giant Sea has been a hot topic
Illustration: Huy Truong
The term unicorn , used to describe start-ups worth more than US$1 billion, had not even been coined in 2009, when Stanford MBA graduate Forrest Li began working on his new gaming company with nearly a dozen employees - all cramped in a tiny shophouse in Singapore s central business district.
Garena, his fledgling gaming company, kept a low-key profile, though its almost immediate success meant investment rounds and expansion plans came thick and fast.
Soon Garena outgrew its small outfit on Maxwell Road, then a move to a two-storey penthouse office beckoned. ....

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