Hong Kong — Tencent Holdings, in which Naspers has a 31.% stake, is driving discussions to merge China’s biggest game-streaming platforms Huya and DouYu International Holdings, people familiar with the matter have said, in a deal that would allow it to dominate the $3.4bn arena.
Faced with rising competition for advertisers from ByteDance and its rapidly growing stable of apps, the WeChat operator would then run a highly profitable service akin to Amazon’s Twitch. Huya and DouYu would keep their respective platforms and branding while working more closely with Tencent’s own e-sports site eGame, the people said.
Tencent is shoring up its home-market position against the backdrop of a Trump administration increasingly hostile towards Chinese tech companies. WeChat has a limited US presence and Trovo Live, a mobile-focused game-streaming service for American consumers, is only in its initial stages.
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