MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Razer has reported profits for the first since getting listed on the Hong Kong stock exchange

Razer has reported profits for the first since getting listed on the Hong Kong stock exchange

Razer, popular gaming peripheral from Singapore, has reported profits for the first time after registering loss year-after-year since listing on the Hong Kong stock exchange. Tan Min-Liang, an entrepreneur from Singapore, Co-Founded the company, and it recently reported a $5.6 million profit for the FY2020-21. The loss registered in 2019 was almost $84.2 million, and the scenario has now completely turned around for the company. As of now, the company is planning to venture beyond the gaming segment to digital financial services. Like any other business that used the COVID wave to transcend faster in the digital landscape, Razer also benefitted greatly due to the pandemic as it kept people indoors.

 The company has reported record revenue of &1.2 billion, and this is up by more than 48 percent as the company witnessed the rise of the hardware business. Razer is well-versed in making products like high-end keyboards, gaming laptops, and controllers, but now it is operating even in the fintech segment by offering virtual credits and digital payment services to gamers. The company is now profitable, and previously the investors were doubtful about the business’ success, but now Razer has answered every one. Future plans of Razer are to make use of the opportunities to build pipes, expand presence, and stay connected.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED