Logo of Phnom Penh Post newspaper Phnom Penh Post - Belt Road takes stake in Sabay Digital

Belt Road takes stake in Sabay Digital

Content image - Phnom Penh Post
Sabay CEO Chy Sila. Photo supplied

Belt Road takes stake in Sabay Digital

Private equity firm Belt Road Capital Management (BRCM) has acquired a 40 per cent stake in Sabay Digital Corporation, a local digital publishing and entertainment group, according to a press release Thursday.

The capital injected into Sabay will go towards further enhancements for internal game development through Sabay Osja gaming studio, as well as boosting a Cambodia-focused e-sports ecosystem.

Funds will be set aside to bring more international game titles to the Kingdom, the document says.

Belt Road is a private equity investment manager based in the capital, which focuses on projects in the Mekong sub-region.

Alex Odom, chief investment officer at BRCM, said that Sabay’s dominant position in the gaming industry in Cambodia and the management team’s expertise in publishing and distributing content leads to confidence over their future growth in the gaming market.

Established in 2007, Sabay has grown to become one of Cambodia’s most renowned technology companies. It predominantly publishes desktop and mobile games for the local market.

“We are excited to cooperate with BRCM as a strategic partner to help accelerate our current projects and to strengthen our market entry in unexplored business areas,” said Chy Sila, CEO of Sabay.

MOST VIEWED

  • Government denies claims former Thai PM Yingluck issued Cambodian passport

    Government officials on Thursday denied claims that a Cambodian passport was issued to former Thai Prime Minister Yingluck Shinawatra, who reportedly used it to register a company in Hong Kong. The Hong Kong-based English language South China Morning Post (SCMP) on Wednesday reported Hong Kong

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading