Chinese merger of Tencent financialy backed streaming technology companies rejected and blocked. China’s State Administration…
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Tencent Holdings, according to various credible reports, wants to merge the two Chinese live streaming giants, Huya and DouYu. Resultantly, the shares of both these companies popped in response to Tencent’s idea.
Tencent Holdings, entertainment, and the tech giant has more than one-third share in both Huya and DouYu and wants to become the largest stakeholder of the combined live-streaming platform. The market capitalization of both Huya and DouYu is huge, both sitting at $5.9billion and $4.9billion respectively. And according to Reuters, if this merger happens it will also include Tencent’s e-Game streaming platform which is the fourth largest in China.
You say, Huya and DouYu? What about it, is it in China? So Huya recently introduced its Yowa cloud gaming service, following rival DouYu’s launch of its own cloud games platform in March. But here comes a very funny fact; both companies are controlled by Tencent Holdings, which runs the world’s largest video games business by revenue.