Arena of Valor

What Arena of Valor does

Arena of Valor is a 5v5 multiplayer online battle arena (MOBA) game designed for mobile devices, developed by TiMi Studio Group and published internationally by Proxima Beta Pte. Limited, a Singapore-registered private limited company and wholly-owned subsidiary of TiMi Studio Group, which in turn is owned by Tencent Holdings. The game launched in 2016 under the name Strike of Kings and was rebranded to Arena of Valor for international markets. It features six hero classes (Tank, Warrior, Assassin, Mage, Marksman, Support) and multiple game modes including 5v5, 3v3, Solo Battle (1v1), Hook Wars, Abyssal Clash, and a ranked competitive mode with seasonal progression tiers from Bronze to Conquerors. Distribution runs globally through the Apple App Store, Google Play Store, and direct APK downloads from the company's website.

Name

Arena of Valor

Legal name

Proxima Beta Pte. Limited

Website

https://arenaofvalor.com

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Arena of Valor is a global 5v5 mobile MOBA developed by TiMi Studio Group (Tencent) and published internationally by Proxima Beta Pte. Limited. It uses freemium in-app purchases and serves mobile gamers across 9+ regions with an active esports ecosystem.

Ownership category

akta.pro rank

Product category

Mobile MOBA Games

NAICS

Sports Teams and Clubs (711211)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

AAA & Premium Game Studios (PC/Console) (MPAFAAAA)

akta.pro secondary industry

Amateur/Grassroots Esports Leagues & Community Tournaments (MPAFADAL)

Keywords

• Mobile gaming
• MOBA games
• Mobile esports
• Free-to-play games
• Multiplayer online battle arena

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Personnel, Infrastructure, Operations

Revenue model

1. Free-to-Play with In-Game Purchases: The game is free to download and play. Revenue is generated through in-game purchases of Gems (premium currency), heroes, skins, and other cosmetic items. Players can also earn some in-game currency through gameplay but premium items require purchases.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Arena of Valor is a free-to-play 5v5 multiplayer online battle arena (MOBA) mobile game developed by TiMi Studio Group and published internationally by Proxima Beta Pte. Limited. Players form teams to battle in real-time combat across multiple game modes (5v5, 3v3, 1v1, Hook Wars, Abyssal Clash, Ranked Match), selecting unique heroes from six classes (Tank, Warrior, Assassin, Mage, Marksman, Support). Revenue is generated through in-game purchases of premium currency (Gems), heroes, skins, and other cosmetic items.

Product overview

Arena of Valor is a single mobile MOBA product developed by TiMi Studio Group and published by Proxima Beta Pte. Limited. The core offering is the Arena of Valor game featuring multiple game modes (5v5 Mode as the primary competitive mode, 3v3 Mode, Solo Battle 1v1, Hook Wars, Abyssal Clash, and Ranked Match), a hero system with six character classes, and a Training Camp for player development. The ecosystem extends to esports properties including the Arena of Valor International Championship (AIC), Arena of Valor World Cup (AWC), Valor Series, NPT, and Go4 AoV Cup tournaments. An official comic series called 'Light And Shadow' expands the game's lore and characters.

Differentiator

Problem solved

Functional benefit

Brands

• Arena of Valor World Cup (AWC): International esports tournament for Arena of Valor with teams from North America, Japan, Korea, and other regions
• Arena of Valor International Championship (AIC)

Products and services

• Arena of Valor A 5v5 multiplayer online battle arena (MOBA) developed by TiMi Studio Group, designed for mobile devices. Players form teams to battle in real-time combat, selecting unique heroes to fight opponents and destroy enemy bases.
• Arena of Valor International Championship (AIC) The premier international esports tournament for Arena of Valor, featuring professional teams from multiple regions competing for prize pools (US$1,000,000 in 2021).
• Arena of Valor World Cup (AWC) Annual world cup tournament for Arena of Valor featuring teams from 9 regions including North America, Japan, Korea, and Europe.
• AoV Comic: Light And Shadow Official comic series featuring Arena of Valor characters and lore, including multiple chapters exploring storylines involving Violet, Butterfly, and Black Mages.

Quantifiable outcome

• Official Event at Hangzhou 2022 Asian Games
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• DC ComicscoreStrategic or Co-development PartnerDC Comics collaboration featuring Batman and related DC characters as playable heroes in Arena of Valor. This partnership provides unique content differentiating the game from competitors. The collaboration includes DC LOGO, BATMAN and all related characters and elements TM DC Comics.
• GarenacoreStrategic or Co-development PartnerGarena partnered with Tencent to publish Arena of Valor and announced the Global Ban Pick format for AWC 2019. Garena handles publishing in Southeast Asia and Taiwan regions.
• TiMi Studio Group (Tencent)coreTechnology or IntegrationTiMi Studio Group is the developer of Arena of Valor, creating the core game technology, hero designs, and gameplay systems. Tencent owns TiMi Studio Group.
• Proxima Beta Pte LimitedcoreOEM/ Whitelabel/ Licensing PartnerProxima Beta Pte Limited operates and publishes Arena of Valor for global markets outside China, handling localization,运营, and regional partnerships.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Brawl Stars: Supercell's mobile multiplayer game offering shorter-session competitive team play with hero-based mechanics. Competes for the same mobile gamer time and esports audience (Brawl Stars World Finals), though format (3v3 arena) differs from Arena of Valor's 5v5 MOBA core.

Direct peers

• Honor of Kings: The flagship mobile MOBA from TiMi Studio Group / Tencent in the China market — the closest comparable title to Arena of Valor, sharing hero design philosophy and esports infrastructure. Arena of Valor is essentially Honor of Kings' international variant, making this both a sibling product and direct category competitor.
• Pokémon Unite: TiMi Studio Group-developed mobile 5v5 MOBA published by Tencent/The Pokémon Company. Direct format competitor sharing the same developer, target audience (competitive mobile gamers), and core MOBA mechanics, though differentiated by Nintendo/Pokémon IP.
• Vainglory: Mobile MOBA developed by Super Evil Megacorp, one of the original touch-optimized mobile MOBAs. Competes in the same product category with similar 5v5 lane-based gameplay, though with a smaller player base and more limited esports footprint than Arena of Valor.
• League of Legends: Wild Rift: Riot Games' mobile MOBA targeting similar 5v5 competitive mobile gameplay audiences globally. Competes with Arena of Valor for the same esports-aspirational mobile gamer segment and benefits from the League of Legends IP and player base.
• Mobile Legends: Bang Bang: Mobile MOBA developed by Moonton, the dominant direct competitor to Arena of Valor in Southeast Asia and other shared markets. Operates a similar 5v5 mobile MOBA format with comparable monetization and esports infrastructure (MPL, M-Series World Championship).
• Smite: Hi-Rez Studios' MOBA title featuring hero-based mythology combat in a 5v5 format. Comparable to Arena of Valor in MOBA category, esports tournament structure (Smite World Championship), and F2P monetization model, though primarily PC/console rather than mobile-first.
• Heroes Evolved: Mobile MOBA developed by Netmarble offering similar 5v5 competitive gameplay on iOS and Android. Direct category competitor with comparable hero roster structure and F2P monetization targeting the mobile esports audience.

Broad incumbents

• PUBG Mobile: Tencent-owned mobile battle royale and one of the most-viewed mobile esports titles globally. Sibling Tencent product competing for mobile gamer time and esports sponsorship budget, and a useful comparable for understanding Tencent's mobile esports portfolio dynamics that affect Arena of Valor.
• Garena Free Fire: Garena-published mobile battle royale title that is part of the same broader mobile esports ecosystem (and publisher network) where Arena of Valor competes for Southeast Asian gamer attention and esports sponsorship dollars. Comparable as a major mobile esports title in shared geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ArenaofValor
• Facebookfacebook.com/ArenaofValor
• Instagraminstagram.com/arenaofvalor

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arena of Valor