Douyu TV announced a Series C financing round of RMB 1.5 billion, led by tech giant Tencent and Phoenix Capital.
Tag: Douyu TV
Our highlight of the week: Video media platform Baofeng acquires 3 companies with USD 476 M; Coworking space UR Work lands USD 30 million; and Tencent leads USD 100M financing in Twitch-like game streaming site.
Rumors that Tencent will be investing in the game-focused live video platform Douyu TV have just been confirmed, a move that will help Tencent beef up its online game business.
Twitch was acquired by Amazon for USD 970 million. Here are several Chinese streaming sites with unique features and good potentials.