ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China tech

Tencent pushes $10bn merger of game-streaming units

Combining platforms would strengthen two US-listed companies amid economic downturn

China's Tencent hopes to bring together two U.S.-listed companies in which it has invested.   © Reuters

HONG KONG -- Tencent Holdings is facilitating a tie-up between two U.S.-listed companies in which it is invested, a move to help the Chinese entertainment titan to fend off rising competition and create a streaming group with a market cap of $10 billion.

Huya, which is listed on the New York Stock Exchange, and Nasdaq-listed Douyu have been "in talks for a merger" for months, two people familiar with the deal told the Nikkei Asian Review. The deal is being driven by Tencent, which is the largest shareholder of both Chinese-based companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more