Panel Summary
Leadership Edge
Top 10 Takeaways
Oliver Wang
Min-Liang Tan
Investing in Tech
FinTech
The Physical Matrix
Tech Ecosystems
Esports
Artificial Intelligence
Tech-tonic
Cybersecurity
China
Panel Summary
Leadership Edge
Top 10 Takeaways
Oliver Wang (UPCOMING)
Min-Liang Tan
Investing in Tech
FinTech
The Physical Matrix
Tech Ecosystems
Esports
Artificial Intelligence
Tech-tonic
Cybersecurity
China
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Explore Ideas & Insights
As part of our Leadership Edge sessions, we spoke to Mr. Tan, Co-founder and Chief Executive Officer of gaming devices company Razer. Mr. Tan has been named one of the 25 Most Creative People in Tech by Business Insider and rated one of the Top 10 Most Influential Leaders in Tech by Juniper Research. Mr. Tan left a law career in 2005 to found Razer, which has been listed on the Hong Kong Stock Exchange since November 2017 and is estimated to be worth around $3 billion.
Exploring the future of gaming with one of the world’s leading technology entrepreneurs
Leadership Edge:
Min-Liang Tan
Albert Yang
Featuring
Head of Alternative Investments, Asia J.P. Morgan Private Bank
Playing, not watching
“Data, algorithms and computing power are the three key pillars for AI.
Haitong Wang, Chief Financial Officer, Megvii Technology Limited
“I’ve always been a gamer since day one.”
Mr. Tan’s decision to found Razer was based on a lifelong passion for gaming. However, he says at first it was difficult to overcome the unconscious bias that surrounds the industry: “Everyone I would meet, they would go, isn’t this a bit of a niche?”
In fact, the gaming industry is currently worth around $100 billion. There are now around 2.2 billion gamers around the world, and this is estimated to grow to 2.7 billion in 2021, according to the Newzoo report. There is a broad spectrum of gamers covering different regions and demographics, with China now a massive gaming market. “Gaming has truly gone mainstream” says Mr. Tan.
Gaming is now overlapping with other forms of entertainment such as movies and music. In line with this convergence, Razer acquired THX, a company with a mission to deliver high-quality audio-visual experiences to cinema audiences. Mr. Tan says there is a growing trend of gaming as the basis for social events, with people booking out cinema theaters to watch livestreams or going to bars to watch eSports.
What sets Razer apart from its competitors is that it works with other gaming companies rather than creating its own games. Razer focuses on providing the hardware, software and services to support the industry. “We have built this unique layer in between all the games and the gamer” says Mr. Tan.
“Mainstream is coming to us.”
“We help game companies monetize.”
According to Mr. Tan, the trend towards cryptocurrencies has been inspired by the use of virtual credits, which convert real money to virtual money to facilitate in-game transactions. To further accelerate Razer’s presence in Southeast Asia, the company has recently acquired a company called MOL Global. This has helped the company form one of the largest virtual credit platforms in the world, which Mr. Tan says is the key to monetization: “We have created one single virtual credit that allows us to exchange over thousands of different games.”
Razer has a global reach, with around a third of business coming from the US, a third from Europe and a third from Asia, with China forming a large component of this. As the company continues to expand and questions arise over how to balance innovation with growth, Mr. Tan says the objective is to remain focused on what gamers want: “We design for gamers by gamers – that’s our motto.”
eSports is likely to continue to gain influence following the announcement that it is being featured in The Asian Games and considered by the Olympic Committee. There are currently two approaches to eSports, including people who make e-versions of their favourite sports teams and gamers who create professional leagues for games such as Fortnite. Mr. Tan says the appeal lies in accessibility: “I believe that at some point in time everyone will have access to eSports… it’s not a limitation of your physical powers anymore.”
The future for Razer looks bright. As well as getting involved with entertainment convergence, Mr. Tan says he is in talks with real estate companies to build “entertainment cities”. He is looking to disrupt the traditional retail model by creating malls that offer experiential retail, food and drink and digital entertainment, ranging from LAN cafes to eSports stadiums and THX-certified cineplexes. In addition, Razer is looking to develop its fintech capabilities, including payments and virtual credits, according to Mr. Tan.
“Everyone has access to eSports.”
GALLERY
X
David Frame is Global Head of Client Advice and Strategy for J.P. Morgan Private Bank. In this role, he is responsible for developing and prioritizing investment and banking solutions across client channels located in the United States, Asia, Latin America, and Europe, the Middle East and Africa. Mr. Frame and his team oversee the banking and investments activity across Wealth Management as well as delivering advice across the client wealth spectrum globally.
Mr. Frame is also a member of the Wealth Management Operating Committee and the Asset & Wealth Management Operating Committee.
Prior to his current role, Mr. Frame served as the Global Head of Capital Markets Solutions for Global Wealth Management at J.P. Morgan. Capital Markets Solutions is one of the largest providers of investment solutions for private clients in the industry, representing investments across all major asset classes, including Equities, Currencies and Commodities, Fixed Income, Alternatives and direct Real Estate. Previously, Mr. Frame served as Global Head of the Private Bank’s Alternative Investments Group, which is responsible for alternative investment assets across hedge funds, real estate and private equity. He formerly spent 11 years at J.P. Morgan’s Investment Bank on the Institutional Equity Trading desks in New York and London, selling U.S. equities to financial services firms and hedge funds.
Mr. Frame received a B.A. from Middlebury College in 1991 and currently resides in New Canaan, Connecticut, with his wife and three children.
Min-Liang Tan is Co-Founder and has served as Chief Executive Officer of Razer since September 2006. Mr. Tan also serves as the Creative Director and is responsible for directing and overseeing the design and development of all Razer’s products.
Prior to founding Razer in 2005, Mr. Tan was an attorney at Rajah & Tann, a law firm in Singapore.
Mr. Tan obtained a bachelor’s degree in Law from the National University of Singapore in August 2002.
Nate Nanzer is Commissioner of the Blizzard/Overwatch League, an association supporting a team-based video game. As Head of the Cross-Discipline e-Sports League, Mr. Nanzer oversees strategy, development and execution for all levels of play, including establishing business partnerships and competition rules.
Previously, Mr. Nanzer was part of the Marketing team at Blizzard Entertainment, where he began working in 2014, with responsibility for research and player insights.
Prior to Blizzard, Mr. Nanzer served as a consultant working with some of the biggest publishers and console-makers in the gaming industry. During his free time, Mr. Nanzer enjoys watching golf, soccer and basketball. He is also pursuing his goal of becoming one of the top Roadhog players in North America.
Haitong Wang is currently the Chief Financial Officer of Megvii, a top AI company in China with leading computer vision technology.
Before joining Megvii, she had over 12 years of experience in the financial industry, serving as Executive Director in Principal Investment Area at Goldman Sachs ,and working in Investment Banking Division at Morgan Stanley.
Ms. Wang obtained dual -bachelor‘s degrees in Finance and bachelor‘s degrees in Finance and Statistics from Peking University.
Gary Ngan is Chief Financial Officer of Meitu, a mobile software company. Mr. Ngan, who took this position in June 2015, oversees financial strategy, investor relations and secretarial matters for the group. Under his direction, Meitu managed one of the biggest initial public offerings by a technology company in Hong Kong since 2007.
Between May 2012 and June 2015, Mr. Ngan held the positions of Chief Operating Officer and Chief Financial Officer at Forgame, a mobile game and web game company listed in Hong Kong. Prior to that, he was the Director and Head of Hong Kong and China Internet Research at UBS AG.
Mr. Ngan earned his Bachelor of Science in Economics from The Wharton School, University of Pennsylvania. He is a CFA® charterholder.
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