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

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • Some jobs off limits to foreigners from August

    Beginning from the second week of August, foreigners will be banned from driving taxis and tuk-tuks, as well as being motorcycle delivery drivers, street food vendors, hairdressers and product distributors among other lower-income jobs. Some white-collar jobs such as the head of human resources will

  • Chinese-owned shops are on the rise in central Phnom Penh

    Informal businesses owned by Chinese nationals are on the rise in central Phnom Penh, especially in Tonle Bassac commune, surrounding Koh Pich. Such businesses have sprung up notably in Central Market, Orussey Market, Sovanna Shopping Mall, Rattana Plaza, as well as Kakab commune across from

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said