Saudi's PIF buys $265m stake in Tencent-backed Chinese gaming company VSPO

Saudi's PIF buys $265m stake in Tencent-backed Chinese gaming company VSPO

Source: Florian Olivo/Unsplash

Chinese e-sports company VSPO, backed by Tencent Holdings Ltd, said on Thursday Saudi Arabia’s sovereign wealth fund has bought a stake worth $265 million in the company, as the kingdom continues its push in the gaming market.

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