All publications for 26.08.2021

Industry

Tencent will throw its forces into the development of its own Twitch analogue after the ban on the merger of Huya and DouYu

In July, the Chinese antimonopoly service blocked the merger of Huya and DouYu in order to prevent them from capturing the entire market of gaming streaming services in China. Against the background of the failure, Tencent began to reallocate resources for the development and expansion of its own platform like Twitch.The new plans of the Chinese giant were reported by Bloomberg.
Investments and transactions

Green Grey and 1518 Studios will invest up to $750,000 in gaming startups as part of the MIPT accelerator

Accelerator of MIPT “Phystech.Start” opened the GameTech direction with the support of Green Grey and 1518 Studios. Its participants — gaming startups — will receive up to $750 thousand of investments in total. The organizers are waiting for applications from projects at the MVP stage and above.It is expected that up to 25 startups will participate in GameTech in three areas: games, mental health products and educational services with gamification.