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.
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)
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