- Chinese internet giant Tencent Holdings Ltd is having to offer concessions in a plan to merge the country’s top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge of the matter told Reuters.
But with regulators concerned the deal would give Tencent overwhelming dominance, it’s willing to settle for approval subject to conditions, according to the people, who declined to be named due to the sensitivity of the matter.Tencent, Huya, DouYu and SAMR did not immediately respond to Reuters’ requests for comment.
Huya and DouYu are ranked No. 1 and No. 2, respectively, as China’s most popular video game streaming sites, where users flock to watch e-sports tournaments and follow professional gamers. Tencent is Huya’s biggest shareholder with 36.9% and also owns over a third of DouYu, with both firms listed in the United States, and worth a combined $10 billion by market value.
Couple of months ago I came across a recommendation about DennisWilliam56 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation