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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

China's H1 2019 Internet User Base Reaches 854 Mln

CNNIC, 8/30/19

China's internet user base reached 854 mln in H1 2019, up nearly 26 mln from the end of H2 2018, among which the mobile internet user base was approximately 847 mln, up almost 30 mln from the end of H2 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2019 State of the Chinese Internet Report. Read More

China's H2 2018 Internet User Base Reaches 829 Mln

CNNIC, 2/28/19

China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More

Live Streaming App Inke Plans Hong Kong IPO as Early as This Week

TechWeb, 6/25/18

In response to Hong Kong media reports, Inke Limited, operator of Chinese mobile interactive video app Inke, has confirmed it was approved to list in Hong Kong on June 22, and intends to initiate the IPO as soon as this week. Read More

Rumor: Google Leads RMB 500 Mln Investment in Gamecasting Platform Chushou TV

DoNews, 12/27/17

US internet giant Google has reportedly led a RMB 500 mln round of funding in Chinese online and mobile gamecasting platform Chushou TV, according to media reports. Read More

Mobile Video Shopping App Huajuan Secures USD 40 Mln Series B

36Kr.com, 10/17/17

Beijing-based Huajuan Technology, operator of mobile video shopping app Huajuan, recently announced completion of USD 40 mln in Series B funding led by Sinovation Ventures with participation by prior-round investors Evolution Media China (EMC), Ventech China, and Vertex Ventures, as well as new investor Zhiping Capital. Read More

Social Media Marketing Service InMyShow Secures RMB 600 Mln Funding

Xiaobaibucai521, 8/14/17

Morgan Stanley, China Merchants Bank, China Securities Co., and Chinese microblogging platform Weibo (Nasdaq: WB) have made a strategic investment in Beijing-based social media marketing firm Tianxiaxiu Technology (InMyShow Inc.) The RMB 600 mln investment covers both Series C and Series C+ rounds. Read More

Update: China Shuts 12,000 Live Streaming Chatrooms over Content Violations

MOC, 6/29/17

China's Ministry of Culture (MOC) recently shut down 11,929 live broadcasting rooms on online live streaming platforms for content violations, and ordered 18,977 live broadcasting rooms to correct rules violations. 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

NetEase Media to Invest RMB 1 Bln in Content Ecosystem Development

Lieyunwang, 4/19/17

Chinese internet company NetEase's (Nasdaq: NTES) media subsidiary will invest RMB 1.0 bln to upgrade its content ecosystem as part of the roll out of version 2.0 of its media partnership project, announced NetEase Media Vice President Yang Binbin. Read More