Tencent shuts game streaming site after China blocks merger

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Chinese tech giant Tencent will close its game streaming platform, less than a year after authorities blocked a merger that would have powered its drive to take on Amazon’s Twitch.

Beijing has stepped up scrutiny over big tech, launching a major crackdown on some of the biggest names in the sector, while the gaming market has also taken a hit owing to tighter controls on play time for minors.

The decision comes after China’s financial regulator blocked a merger of the nation’s two largest video game live-streaming sites over antitrust concerns in July.

 

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