Huya and Douyu — which provide videogame live-streaming services akin to Twitch in the U.S. — are two of the largest companies of their kind in China. Both count gaming firm Tencent among their investors.
China’s State Administration for Market Regulation said in a statement that a merger between Huya and Douyu would give Tencent control over the merged entity. “From the perspective of different key indicators like revenue, number of active users, resources for streamers, the total share is very substantial and the elimination and restriction of competition can be foreseen,” the statement said.
Authorities have stepped up oversight of some of China’s largest technology firms over concerns of monopolistic behavior and unchecked growth, as well as how companies are collecting and using data from their millions of users.Also Saturday, China’s cyber-regulator said companies holding personal information of over a million users must apply for cybersecurity approval if they plan to list abroad.
It also said there’s a risk of important data being illegally used or transferred out of the country.
Just how newsworthy is this notaxation? Tencent being stopped at something seems big considering all the buying they've done in the past few years.
There's anti monopoly laws in China?
China hates speech! Enough said
Que la Festa comenci
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Source: Variety - 🏆 108. / 63 Read more »
Source: Variety - 🏆 108. / 63 Read more »