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Singaporean unicorn Garena bags $550m in funding, rebrands as Sea

Cathay Financial, others pony up cash for online startup's diversification

Indonesia is a key target for the Shopee e-commerce platform.

SINGAPORE -- Online gaming and e-commerce venture Garena on Monday said it raised $550 million in a round of fundraising that involved Cathay Financial Holding, one of Taiwan's largest financial services providers by assets.

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