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Tencent is seeking a merger of Douyu and Huya

Tencent is seeking a merger of Douyu and Huya( China live-streaming platforms) to consolidate its dominance in the industry further.

The news sent Douyu and Huya’s U.S. shares up for 6% and 7.8% respectively, at the close of trading on Aug. 5th. Tencent shares closed up for 2.8% in Hong Kong on Aug. 6th. But Tencent’s attempt is being questioned by antitrust authorities.

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Jack Chan

Editor in chief of FirmKnow News.
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