A Tencent Games logo is seen at the China Digital Entertainment Expo and Conference in Shanghai, July 31, 2020. Photo: Reuters
Tencent initiates merger of China’s Twitch-like sites Huya and Douyu in move to consolidate gaming lead
- The deal comes as Tencent aims to cement its position in the domestic gaming and e-sports market as Chinese tech companies come under heavy scrutiny in the US
- After the transaction, Tencent’s stake in Huya would be 51 per cent and its voting power will increase to 70.4 per cent
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A Tencent Games logo is seen at the China Digital Entertainment Expo and Conference in Shanghai, July 31, 2020. Photo: Reuters