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China tech

Chinese antitrust regulator blocks Tencent's $5.3bn video games merger

Top streaming sites Huya and DouYu combined would command over 70% of market

People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai in 2016. Tencent Holdings had planned to merge it with another affilate, Huya.   © Reuters
| China

HONG KONG (Reuters) -- China's market regulator on Saturday said it would block Tencent Holdings Ltd's plan to merge the country's top two videogame streaming sites, Huya and DouYu, on antitrust grounds.

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