A signing ceremony has been held between Chinese esports company VSPO and the Saudi Esports Federation (SEF) in Shanghai. Saudi Arabia's Savvy Games Group has invested $265 million in the Chinese esports company, in the kingdom's latest push into the gaming market. SEF CEO Tur-ki Alfaw-zan, VSPO chief Ying Shuling, and co-founder and chief financial officer Tang Danni attended the event. Saudi Arabia has ambitions to become a top gaming hub, and according to VSPO, the cooperation with the Saudi group will help them continue on their global strategy to accelerate the growth of esports.