Tencent closed its Penguin Esports video game streaming platform on June 7, succumbing to heightened regulatory pressure and competition. Photo: Weibo
Tencent pulls plug on Twitch-like platform Penguin Esports as regulators freeze out the social media giant from new gaming licences
- The six-year-old Penguin Esports game streaming site ended operations on June 7
- Tencent was left out of the new batch of 60 online gaming licences issued by the regulator on Tuesday
Tencent closed its Penguin Esports video game streaming platform on June 7, succumbing to heightened regulatory pressure and competition. Photo: Weibo
