{"id":5257,"date":"2023-09-01T11:20:49","date_gmt":"2023-09-01T11:20:49","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/billionaire-forrest-lis-sea-relaunches-popular-mobile-game-free-fire-in-india-after-ban\/"},"modified":"2023-09-01T11:20:50","modified_gmt":"2023-09-01T11:20:50","slug":"billionaire-forrest-lis-sea-relaunches-popular-mobile-game-free-fire-in-india-after-ban","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=5257","title":{"rendered":"Billionaire Forrest Li\u2019s Sea Relaunches Popular Mobile Game \u2018Free Fire\u2019 In India After Ban"},"content":{"rendered":"
\n

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

Sea\u2019s gaming unit, Garena, said on Thursday that the game will be available for download in India from September 5. Now called Free Fire India<\/em>, the game will offer features designed to \u201cpromote safe, healthy and fun gameplay,\u201d 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\u2019s Hiranandani Group, will provide infrastructure to store Indian users\u2019 data on local servers.<\/p>\n

\u201cIndia 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<\/em>,\u201d Gang Ye, the billionaire cofounder and chief operating officer of Sea, said in the statement. \u201cWe believe our partnership with Yotta will ensure that our users can enjoy the highest quality gameplay experience and benefit from Yotta\u2019s expertise in protecting and securing Indian user data.\u201d<\/p>\n

<\/fbs-ad><\/p>\n

In February last year, India blocked access to Free Fire <\/em>as part of a crackdown on some 50 apps it believed were sending user data to servers in China. The ban of Free Fire<\/em>, which was among India\u2019s most popular mobile games, at the time wiped out more than $16 billion of Sea\u2019s market capitalization in a day.<\/p>\n

The long-awaited return of Free Fire<\/em> in the world\u2019s most populous country could help reignite Sea\u2019s 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\u2019s expansion in the cut-throat e-commerce market, where it competes with Alibaba\u2019s Southeast Asia-focused Lazada, and grow its nascent digital financial service.<\/p>\n

Despite the reintroduction of Free Fire India<\/em>, 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<\/em> amid growing hostility between the country and China.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s gaming unit, Garena, said on Thursday that the game will be available for download in India from September 5. Now called […]<\/p>\n","protected":false},"author":1,"featured_media":5258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-5257","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nBillionaire Forrest Li\u2019s Sea Relaunches Popular Mobile Game \u2018Free Fire\u2019 In India After Ban | Prosfunds<\/title>\n<meta name=\"description\" content=\"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\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=5257\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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