Nip Group signs five-year deal with Abu Dhabi Investment Office

Esports company Nip Group, owned by the son of late billionaire Stanley Ho Hung-sun, announced a five-year strategic collaboration with the Abu Dhabi Investment Office, with headquarters set in the United Arab Emirates capital.

The office plans to offer Nip Group financial and non-financial support of up to US$40 million (HK$312 million) in the next four years, in a bid to promote the company’s esports operations, creative studios and game publishing, alongside events and talent management, according to Nip Group.

Nip Group aims to create new jobs and amplify Abu Dhabi’s leadership in esports and gaming while empowering a new generation of professionals who will promote the gaming sector in the Middle East and beyond, said Nip Group chairman and co-chief executive Mario Ho Yau-kwan.

Nip Group is the first Chinese esports company to list on a US stock exchange.

CICI CAO