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Game Live Streaming Platform Operators Huya, DouYu to Merge

Huya, 10/12/20

Chinese game live streaming platform operator HUYA Inc. (NYSE: HUYA) and Wuhan-based game-centric live streaming platform operator DouYu International Holdings Limited (Nasdaq: DOYU) today announced that they have entered into an Agreement and Plan of Merger, dated October 12, 2020 (the "Merger Agreement") with Tiger Company Ltd., a newly formed company with limited liability incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Huya ("Merger Sub"), and, solely for the limited purposes set forth therein, Nectarine Investment Limited ("Tencent"), a wholly owned subsidiary of Tencent Holdings Limited (0700.HK). Read More

Gaming SNS App 'Laoyuegou' Obtains RMB 200 Mln Series C Funding

36Kr.com, 2/26/18

Hainan-based Lexin Network Technology, operator of online gaming SNS app Laoyuegou, recently announced completion of RMB 200 mln in Series C funding from Tiantu Capital. Read More

Mobile E-sports Firm Hero Interactive Completes RMB 1.7 Bln Pre-IPO Funding

Cnstock.com, 9/29/17

Beijing-based mobile e-sports organizer and promoter Hero Interactive Technology (430127.NEEQ) recently completed RMB 1.7 bln in pre-IPO funding led by China State-owned Venture Capital with participation from Shaanxi Culture Industry Investment Group and Gopher Asset Management. Read More

Longzhu Games Broadcast to Invest RMB 1 Bln in Gamecasting Industry

Tencent Tech, 6/27/17

Taicang-based Juyitang Network Technology, operator of video gamecasting platform Longzhu Games Broadcast, will invest RMB 1 bln in the gamecasting industry, and will look to gain a foothold in the gaming, sports, broader entertainment, and e-commerce industries, announced CEO Chen Qidong. Read More

Ali Sports, Giant Interactive Partner on Mobile E-sports

Sina Tech, 9/09/16

Ali Sports, the sports subsidiary of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), recently announced that it has formed a mobile e-sports strategic partnership with Chinese online game developer and operator Giant Interactive and will invest RMB 100 mln in Giant Interactive's mobile casual game Battle of Balls. Ali Sports and Giant Interactive will collaborate in several areas, including e-sports competition system development, competition globalization strategy, mobile e-sports user platforms and value-added services, as well as developing e-sports talent and clubs, supporting e-sports stars, creating e-sports leagues, and developing and selling derivative products based on e-sports intellectual property (IP). Read More

Hero Interactive's Sports Subsidiary Secures RMB 640 Mln in Funding

Focus Media, 7/29/16

Chinese sports and e-sports event organizer Hero Sports Management, a subsidiary of Hero Interactive Technology (430127.NEEQ), has completed a RMB 640 mln funding round from Chinese digital media group Focus Media Holding (002027.SZ), DMG Cultural Industrial Fund and Yongtong Fund, among others. Read More

Ali Sports Launches E-sports Competition, E-sports Open Platform

Ali Sports, 3/31/16

Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) sports subsidiary Ali Sports has announced the establishment of an e-sports tournament and an e-sports business division, as well as the launch of an open platform for e-sports. Read More

Xiaomi Invests in E-sports Broadcast and Video Platform 'Enjoy Media'

36Kr.com, 1/19/16

Tianjin-based Enjoy Media Communication, operator of e-sports broadcasting and video platform Enjoy Media, recently landed RMB 8-digit Series A funding from Chinese Android device maker Xiaomi and Nanshan Capital. Read More

Gaming Firm Giant to Backdoor List through New Century Cruise

New Century Cruise, 10/31/15

Chongqing-based cruise ships and travel agency operator New Century Cruise (002558.SZ) recently announced plans to spend RMB 13.1 bln to acquire 100% of equity shares of online game developer and operator Giant Interactive Group. Read More

Netease to Invest RMB 30 Mln to Promote Competitive Gaming

Sina Tech, 9/04/13

William Ding, CEO of Chinese internet company Netease (Nasdaq: NTES), has announced that the company will invest RMB 30 mln to promote the development of competitive gaming in China as part of the company's "Bread Campaign" ("Mianbo Xingdong"). Read More