Tencent-backed online gaming portal Douyu is rumored to seek a US$700 million initial public offering in the US, according to a media report.
China’s anti-pornography office has summoned 18 online video streaming and related media companies, including Douyu, Qiqiyi, Huajiao and Toutiao, asking them to strengthen video censorship, according to the authority’s website.
Chinese live-streaming platform Huya has raised a US$461.6 million series B round of financing led by Chinese Internet giant Tencent. It marks Tencent’s second major investment in the live-streaming market within 24 hours.
Tencent Holdings Ltd. has invested RMB4 billion (US$632 million) in Douyu, a game and entertainment live streaming platform in China, according to local media reports.