Billionaire Tan Min-Liang, chief executive officer and co-founder of Razer. Photo: David Paul Morris/Bloomberg/Getty Global gaming ecosystem giant Razer (1337.HK), worth HKD $15bn, just unveiled record results — pushing the company into profitability, wiping out debt, and giving it a hefty cash balance of USD $500m. While it originated as […]
Razer
Razer CEO on how gamer giant plans to spend its $500m cash balance amid record results
READ MORE: World’s largest gamer firm Razer unveils record-high revenue of $447.5m during pandemic For the six months ending June 2020, Razer reported record high revenue of $447.5m, representing 25.3% year-on-year growth during the coronavirus pandemic period. Gross profit margin also improved to 22% and cashflow from operating activities turned […]