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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.


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