Video game livestreaming giants Huya and DouYu are merging, giving Tencent control of a US$10bil industry behemoth

Huya is acquiring DouYu to create a US$10bil juggernaut in the video game livestreaming industry. Tencent, already China’s largest gaming company by revenue, will control two thirds of the new company. — SCMP

A plan from Tencent Holdings to create a US$10bil (RM41.55bil) Twitch-like livestreaming behemoth was officially set into motion on Monday when Huya announced a plan to merge with DouYu International Holdings, which is expected to delist from the Nasdaq in the coming months.

The merger brings together China’s two largest video game livestreaming platforms with a combined 300 million users. That is the vast majority of the 340 million users in China’s game livestreaming market estimated by Shanghai-based firm iResearch.