As you might have heard, the local eSports scene has received a financial boost today in the form of RM 10 million funding under the national budget of 2019 or also officially known as Belanjawan 2019. Just mere hours after the announcement, it has received another set of major financial injection once again.
This time around, it will come in the form of investment from Razer’s CEO, Min-Liang Tan. The RM 10 million commitment was made public through a tweet to the Minister of Youth and Sports, Syed Saddiq as shown below:
Bro, it's an incredibly progressive budget for Malaysia to commit MYR10M to esports for the youth and millennials. In light of that, I will also be investing MYR10M for esports in Malaysia in 2019. Let's bring esports to the next level together!
— Min-Liang Tan (@minliangtan) November 2, 2018
This is not the first time that Min-Liang and Razer have made a significant investment that is related to Malaysia. Prior to this, Razer has acquired MOL Global which resulted in the creation of Razer Pay QR-based cashless payment app which made its global debut in Malaysia itself earlier this year.
With RM 20 million worth of funding and investments will be injected into our eSports scene in 2019, this could help spark various opportunities within the industry very soon. Hence, local eSports enthusiasts might want to take note of this development.