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Tencent shuts game streaming site after China blocks merger | Malay Mail

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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. Beijing has stepped up scrutiny over big tech, launching a major crackdown on some of the...

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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Tencent shuts game streaming site after China blocks mergerChinese 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.
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