Singapore-based mobile internet and gaming platform Garena Interactive Holding has raised a US$170 million Series D financing round from Khazanah Nasional—an investment fund controlled by the Malaysian government—and China-based internet company Tencent Holdings. The investment reportedly valued the company at more than US$3.75 billion. Garena plans to use the fresh capital to build its digital content, e-commerce and online payment platforms. Other investors in the company include Canadian pension fund Ontario Teachers’ Pension Plan and Singaporean sovereign wealth fund GIC.