Tencent-backed DouYu still wants to merge with Huya despite government antitrust concerns

DouYu and Huya, ranked No 1 and 2 as China’s top video-streaming sites for gamers, hold nearly 90% of the market. Chinese market regulators have previously expressed concerns over the potential merger. — SCMP

DouYu and Huya, China’s top game video-streaming sites backed by Internet giant Tencent Holdings, said they are still on track to merge just three months after the country’s antitrust watchdog flagged concerns about the deal.

First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s livestreaming unit Penguin Esports would merge more than 300 million users, bringing the platforms’ combined market share to nearly 90% in the country, according to data from Shanghai-based consultancy iResearch.