Chushou TV’s downfall underscores Tencent’s supremacy in China’s game-streaming market. — Reuters
Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd.
The mobile-focused streaming network’s demise on July 2 comes just two years after it received US$120mil (RM512.7mil) in investment from backers that include Alphabet Inc’s Google. The company, whose name translates as "tentacle”, has asked streamers who play exclusively on the platform to switch to Tencent-backed video-sharing app Kuaishou, according to an in-app notice viewed by Bloomberg News. Chushou and Google representatives didn’t respond to requests for comment sent via email.
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