Huya

China’s biggest livestreaming platform making major staff cuts

Tencent-controlled Huya, the Chinese leading game live streaming platform, has reportedly started to lay-off a significant portion of its staff. According to three unnamed sources cited by Reuters, the company once considered China’s answer to Amazon-owned Twitch is cutting hundreds of staff. They said that the company’s Nimo TV unit – the international version of […]

Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent

Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. The move will merge China’s two biggest competitive esports platforms, and confirms a deal initially proposed by mediator Tencent in August. Tencent currently owns 38% of DouYu, and […]

Tencent to create US$10 billion esports streaming giant with merger of DouYu and Huya

Media giant Tencent wants to create a US$10 billion Chinese equivalent to game streaming platform Twitch by merging the country’s two biggest esports companies. DouYu and Huya have long been battling to become the top esports platform in China, but Tencent has announced plans to bring them together under one roof. Tencent is also an […]

MTG in esports joint venture deal with China’s Huya

Modern Times Group (MTG) has signed up to create a strategic joint venture as part of a deal that will see Chinese game live streaming platform Huya acquire a minority stake in MTG’s esports portfolio company ESL. MTG said that the deal, if completed, will further strengthen ESL’s position as the leading and largest esports […]