A monolayer of a transition metal dichalcogenide such as WSe 2 is a two-dimensional direct-bandgap valley-semiconductor 1,2 having an e ective honeycomb lattice structure with broken inversion symmetry. The inequivalent valleys in the Brillouin zone could be selectively addressed using circularly polarized light fields 3-5 , suggesting the possibility for magneto-optical measurement and manipulation of the valley pseudospin degree of freedom 6-8 . Here we report such experiments that demonstrate the valley Zeeman e ect-strongly anisotropic lifting of the degeneracy of the valley pseudospin degree of freedom using an external magnetic field. The valley-splitting measured using the exciton transition deviates appreciably from values calculated using a three-band tight-binding model 9 for an independent electron-hole pair at ±K valleys. We show, on the other hand, that a theoretical model taking into account the strongly bound nature of the exciton yields an excellent agreement with the experimentally observed splitting. In contrast to the exciton, the trion transition exhibits an unexpectedly large valley Zeeman e ect that cannot be understood within the same framework, hinting at a di erent contribution to the trion magnetic moment. Our results raise the possibility of controlling the valley degree of freedom using magnetic fields in monolayer transition metal dichalcogenides or observing topological states of photons strongly coupled to elementary optical excitations in a microcavity 10 .Charge carriers in two-dimensional (2D) layered materials with a honeycomb lattice, such as graphene and transition metal dichalcogenides (TMDs), have a twofold valley degree of freedom labelled by ±K-points of the Brillouin zone, which are related to each other by time-reversal symmetry 7 . In TMDs, the low-energy physics takes place in the vicinity of ±K-points of the conduction and valence bands with Bloch states that are formed primarily from d z 2 and d x 2 −y 2 , d xy orbitals of the transition metal, respectively 9 . The magnetic moment of charged particles in a monolayer TMD arises from two distinct contributions: the intracellular component stems from the hybridization of the d x 2 −y 2 and d xy orbitals as d x 2 −y 2 ± id xy , which provide the Bloch electrons at ±K in the valence band an azimuthal angular momentum along z of l z = ±2h (Fig. 1a). The second-intercellular-contribution originates from the phase winding of the Bloch functions at ±K-points 11-14 . This latter contribution to orbital magnetic moment is different for conduction and valence bands owing to breakdown of electronhole symmetry. Both contributions yield magnetic-field-induced splitting with an opposite sign in the two valleys.In a 2D material such as a monolayer TMD, the current circulation from the orbitals can only be within the plane; as a consequence, the corresponding orbital magnetic moment can only point out-of-plane. A magnetic field (B) along z distinguishes the sense of circulation in 2D, causing opposite energy shifts (− µ· B) in ±K val...