The other Vero client included on the 30 Under 30 list was also the only group: Team Flash, Vietnam’s premier esports team. Founded in Singapore by Terence Ting, Team Flash discovered a larger, faster-growing, but remarkably under-served gaming scene in Vietnam. Sensing an opportunity, Ting invested heavily in Vietnam beginning in 2018, and the results were so encouraging that Vietnam went on to become Team Flash’s new home base in 2019.
Ting’s key insight was that, despite Vietnam’s highly skilled player base and passionate fans, there was no professional esports ecosystem. To create one, he adopted methods from esports teams elsewhere in the world, treating players as proper athletes with access to counseling, physical preparation, strategy consultation, quality facilities, and nutritious meals.
Team Flash focuses on mobile-based multiplayer online battle arena (MOBA) game Arena of Valor (aka Lien Quan), the most popular esports title in Vietnam, as well as PC-based MOBA League of Legends and football mainstay FIFA. AOV’s mobile platform has been key to its massive base of casual to hardcore players in Vietnam, where many people cannot afford gaming PCs but most young people own smartphones.
Last July, Team Flash won the world championship at the 2019 AOV World Cup (AWC) in Da Nang, Vietnam, gaining them USD $200,000 in prize money and Vietnam’s first international title for esports. The following November, Team Flash got second place at AIC, just one point behind the winners, Thailand’s Buriram United.
Team Flash earned 11.6 billion VND in 2019, a record high for a Vietnamese esports team, including USD $1.5 million in seed funding aimed at further regional expansion and securing its market leadership in Vietnam. The funding has enabled them to continue recruiting the best esports players and content creators across the region, bringing in brand sponsorships and media partners, and launching a dedicated merchandising arm.