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China tech

Beijing slams door on Tencent's gaming empire

Rejection of Douyu-Huya merger is a potential windfall for rival ByteDance

Huya controls over 40% of China's game-streaming market while DouYu's share tops 30%. (Photo by Yusuke Hinata)

GUANGZHOU -- Tencent Holdings faces new scrutiny from Chinese authorities, hampering the company's efforts to consolidate its position as China's top gaming developer and giving rivals an opening to encroach on market share.

The latest state action came over the weekend when China's antitrust watchdog said it would block the merger of Tencent video game streaming sites Huya and DouYu, using unusually blunt language to explain the reasoning behind the move.

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