Chinese esports firm launches multi-title tournament in Asia with Saudi Arabia backing

Chinese esports company VSPO has announced its first multi-title tournament in Asia, marking a big push to expand its presence in the global industry with support from Saudi Arabia.

The tournament could bolster China’s efforts to gain a greater foothold in the global esports industry, something the country has sought as part of an effort to boost its soft power through cultural exports.

The ACL has also secured support from Saudi Arabia’s Savvy Games Group, which invested US$265 million into Shanghai-based VSPO in 2023. Saudi Prince Faisal bin Bandar bin Sultan Al Saud, who is Savvy’s vice-chairman, took the role of ACL honorary chairman.