Gaming

Douyu is increasingly looking abroad as it consolidates its strong position in Chinese game livestreaming.

The story of China’s internet development cannot be told without mentioning Ding Lei’s contributions.

As the esports and gaming industries get a boost from COVID-19, China has been at the frontline of new marketing, partnership, and business models.

Tencent’s Hong Kong-listed shares dived 10% following the news, erasing USD 34.6 billion in market capitalization.

Tencent is reportedly driving discussions to merge China’s two biggest video game livestreaming platforms, Huya and Douyu.

Combining platforms would strengthen two US-listed companies amid economic downturn.

Tencent and NetEase already have their own verification systems in place, with some games requiring facial recognition.

All paid games now need government approval—something only 750 Chinese and 27 imported titles have accomplished this year.