Social and entertainment giant buys into Douyu
Tencent’s gaming division is growing steadily, and now it’s betting big on people watching games too.
The head of popular Chinese streaming website Douyu announced on social media that the company has received US$630 million from the company behind some of the biggest names in gaming. Along with its own Arena of Valor, Tencent either owns or has stakes in the companies behind Clash of Clans, League of Legends and Fortnite.