Tencent Looks to Merge Huya and DouYu
Posted on 08/05/2020
Tencent Holdings Limited owns a 37% stake in Huya Inc., a game streaming platform and a 38% stake in Wuhan, China-based DouYu International Holdings Limited, another game streaming platform. Tencent is looking to merge Huya and DouYu, which will make Tencent the largest shareholder of the proposed combined game streaming company. China represents the world’s largest game-centric live streaming market in terms of total revenue, surpassing the U.S. since 2016. According to iResearch, in 2018, China’s game-centric live streaming market is approximately 4.9 times the U.S. market in terms of MAUs.
In April 2020, Tencent purchased an additional stake in Huya for about US$ 260 million from Joyy Inc.