Technology

Video game live-streaming giants Huya and DouYu are merging, giving Tencent control of a US$10 billion industry giant




A plan from Tencent Holdings to create a US$10 billion Twitch-like live-streaming behemoth was officially set into motion on Monday when Huya announced a plan to merge with DouYu International Holdings, which is expected to delist from the Nasdaq in the coming months.The merger brings together China’s two largest video game live-streaming platforms with a combined 300 million users. That is the vast majority of the 340 million users in China’s game live-streaming market estimated by Shanghai…



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