Advertisement

Tencent's Next Merger Could Dominate China's Game Streaming Market

Tencent's Next Merger Could Dominate China's Game Streaming Market

Tencent (OTC: TCEHY) recently proposed merging Huya (NYSE: HUYA) and DouYu International (NASDAQ: DOYU), the two largest video game streaming platforms in China. Tencent owns 36.9% of Huya's shares with a 50.9% voting stake, as well as a 38% equity and voting stake in DouYu. Tencent replaced JOYY (NASDAQ: YY) as Huya's top investor earlier this year after exercising an option to boost its voting stake.