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.

Last October, China’s two largest gaming streaming services Huya and DouYu announced a merger. However, then the deal turned out to be questionable — it attracted the attention of the local antimonopoly service. The companies themselves are positive, but Tencent, which controls them, is rumored to be concerned about the situation and has already discussed it with the authorities.

Huya and DouYu companies, which are the largest players in the Chinese gaming streaming market, have announced a merger. Under the leadership of Tencent, they will create an analogue of Twitch with a total valuation of $ 10 billion.The deal is expected to close in the first half of 2021.