BEIJING, April 8 — 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.
Tencent’s service, Penguin Esports, has halted new user registrations and in-app purchases, and will shut down all services on June 7, the firm said in a statement yesterday. The planned merger of live streaming services Huya and Douyu could have brought the combined platforms’ domestic market share to as much as 90 per cent — and Penguin Esports was to be moved under the combined entity.
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