PIF invests $265 mln in Chinese esports firm

16/02/2023 Argaam

PIF invests $265 mln in Chinese esports firm

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) invested $265 million in Chinese esports company VSPO, through its subsidiary, Savvy Games Group.

 

This is the largest direct investment in the industry history, VSPO said on its Twitter account.

 

In January 2022, the Kingdom’s sovereign wealth fund launched Savvy Games Group, which aims to be a leading player in the electronic games development sector on the local and international levels, Argaam earlier reported.

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