Skip to content

Connecting business. Building understanding. Advancing peace.

Become a Member

Saudi PIF-Backed Scopely Invests in Chinese Game Developer Baokela Alongside Tencent

Scopely South East Asia, an operating arm of Saudi PIF-owned Savvy Games Group, has completed an equity investment in Shanghai Baokela Network Technology Co. Baokela, founded by game producer Chen Min, previously secured a 20% founding stake from Tencent. The deal marks Scopely's third strategic investment in China's digital entertainment sector.

Published Source: 36Kr
Low-angle upward view of modern glass skyscrapers in a corporate financial district

Scopely South East Asia, an operating unit of Savvy Games Group owned by Saudi Arabia's Public Investment Fund (PIF), has completed an equity investment in Shanghai Baokela Network Technology Co., according to 36Kr.

The transaction creates a direct corporate link with Tencent, which originally held a 20% founding stake in Baokela. The Chinese development firm was founded by senior game producer Chen Min, who is known for developing major mobile titles across Asian markets.

The investment represents the third strategic transaction by the Saudi-backed publisher in China's digital entertainment and software development sector. The partnership plans to publish Baokela's titles internationally via Scopely's global distribution networks.

Sources

  • 36Kr · 2026-09-24

More from Industry News

View all
China–UAE News
Source: Gulf Times

Chinese Women Entrepreneurs Conclude Two-Week Official Visit to UAE

A delegation of 15 prominent Chinese women entrepreneurs has concluded a two-week official visit across the UAE, co-organised by the General Women's Union and the UAE Embassy in Beijing. The visiting delegates represent enterprises with total declared annual revenues of approximately 4.85 billion yuan across multiple commercial sectors. The tour included meetings and field visits to build sustainable economic partnerships and support bilateral innovation.

China–UAE News
Source: Gulf Times

Chinese Women Entrepreneurs Conclude UAE Economic Visit Covering Multiple Sectors

A delegation of 15 leading Chinese women entrepreneurs concluded a two-week official economic visit to the UAE, organised by the General Women's Union and the UAE Embassy in Beijing. The visiting business leaders represent firms with total declared annual revenues of approximately 4.85 billion yuan. Bilateral discussions and site visits focused on sectors including biotechnology, new energy, infrastructure, smart lighting, and investment services.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy