{"id":915,"date":"2020-08-07T14:25:32","date_gmt":"2020-08-07T14:25:32","guid":{"rendered":"https:\/\/newsraise.com\/?p=915"},"modified":"2020-08-07T14:25:32","modified_gmt":"2020-08-07T14:25:32","slug":"pubg-tencent-reportedly-to-merge-douyu-and-huya-to-compete-with-bilibili-and-kuaishou","status":"publish","type":"post","link":"https:\/\/newsraise.com\/index.php\/2020\/08\/07\/pubg-tencent-reportedly-to-merge-douyu-and-huya-to-compete-with-bilibili-and-kuaishou\/","title":{"rendered":"PUBG Tencent Reportedly to Merge Douyu and Huya to Compete with Bilibili and Kuaishou"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bloomberg reported that Tencent is planning to consolidate Huya and Douyu, these are the two biggest gaming-focused live streaming platforms in China. According to Chinese media outlet, the proposal of merging has been raised to the level of the company\u2019s general office. If the company moves fast enough within the year, they can seal the deal. Tencent is already Huya\u2019s biggest shareholder and also owns over a third of Douyu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reuters reported familiar news regarding Tencent seeking full control or at least become the biggest shareholder of the merged entity. If the deal signs off, it would create an online game streaming giant with more than 300 million users and a combined market value of $10 billion, further solidifying Tencent\u2019s lead in Chinese games and social media.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to data from MobTech, the combined entity will take up to 80% of the market. The source also said that a merger could also involve eGame, Tencent\u2019s own streaming site and ranked No. 4 in the country. The potential merger will significantly lowered the cost of competition in the game live-streaming industry, while giving the new platform an edge in competition with Bilibili, a YouTube like video platform that is also marching into the esports realm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both Douyu and Huya have not responded in regards to the issue. Douyu\u2019s shares surged 18% in pre-market trade in New York, while Huya soared 15%. Tencent climbed 2% to a two-week high in Hong Kong.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NetEase News cited a source with direct knowledge of the matter that \u201cTo Tencent, Huya is a pawn, Douyu is a friend, while Kuaishou and Bilibili are opponents.\u201d The source also said that there is a high chance that Douyu and Huya will be able to keep their independent operation team after the consolidation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reported that Tencent is planning to consolidate Huya and Douyu, these are the two biggest gaming-focused live streaming platforms in China. According to Chinese&#8230;<\/p>\n","protected":false},"author":4,"featured_media":916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PUBG Tencent Reportedly to Merge Douyu and Huya to Compete with Bilibili and Kuaishou<\/title>\n<meta name=\"description\" content=\"Bloomberg reported that Tencent is planning to consolidate Huya and Douyu, these are the two biggest gaming-focused live streaming platforms in China\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsraise.com\/index.php\/2020\/08\/07\/pubg-tencent-reportedly-to-merge-douyu-and-huya-to-compete-with-bilibili-and-kuaishou\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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