Why the rise of Singapore’s tech giant Sea has been a hot topic

The term “unicorn”, used to describe start-ups worth more than US$1 billion, had not even been coined in 2009, when Stanford MBA graduate Forrest Li began working on his new gaming company with nearly a dozen employees – all cramped in a tiny shophouse in Singapore’s central business district.

Garena, his fledgling gaming company, kept a low-key profile, though its almost immediate success meant investment rounds and expansion plans came thick and fast.

Soon Garena outgrew its small outfit on…