Razer, the $1.8 billion maker of fancy mice and keyboards, already dabbles in smartphones but is now also pushing into fintech. Diversification can be a distraction, though. Doubling down on e-sports would be one way to turn a profit. sharonlamhk
Razer, a Hong Kong-listed maker of accessories for gamers, said on June 24 that it had agreed an e-payments partnership with Visa.
The company said on March 21 that it had struck a partnership with gaming company Tencent on mobile gaming hardware and software services. Razer launched its first gaming smartphone in 2017. Revenue from hardware grew 29.4% year-on-year in 2018 to $616 million. The software and services business, which makes up 7% of the group’s revenue, increased 367% to $49.6 million, primarily due to an acquisition of payments firm MOL Global.
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