Razer has announced that it will deploy up to $50 million (USD, that’s just under $78 million AUD) to support their business partners through the economic downturn that has been bought on by the tragic Coronavirus. This initiative ensures that Razer’s less-fortunate partners will receive all the support (financial and otherwise) they require to survive the downturn and maintain a strong market position.
“There are many growing implications with COVID-19 on the global economy and it is affecting everyone from all walks of life,” says Razer Co-Founder and CEO Min-Liang Tan. “We see the best way for us to do our part is to support our business partners starting with our ecosystem.”
These funds will be spread across three arms of the Razer ecosystems – Razer Gold, Razer Fintech and zVentures. This initiative ensures that all current and future business partners of the brand will have support in the form of financial contributions, cashflow support, and investments, not to mention access to Razer’s ecosystem of hardware, software, and services.
For more information on Razer, check out our previous coverage here.