Savi Electronic Games Group, backed by the Public Investment Fund of Saudi Arabia, will invest $265 million in Chinese esports company VSPO, as part of the Kingdom’s foray into the gaming market. The transaction will give Savi a minority stake and make it the largest institutional shareholder in VSPO. Saudi Arabia has set a goal to become one of the major gaming centers in the world, with the industry expected to contribute 1 percent to its GDP by 2030.
Savi Games Group invests $265 million in a Chinese e-sports company
