Gaming

CrossFire, a Chinese television series based on the video game of the same name, racked up 980 million views in less than four weeks.

Huya’s paying users remained fairly stable after a significant surge during the COVID-19 lockdown in the first quarter.

Douyu and Huya shares closed significantly lower in US trading on Monday.

Douyu is increasingly looking abroad as it consolidates its strong position in Chinese game livestreaming.

The story of China’s internet development cannot be told without mentioning Ding Lei’s contributions.

As the esports and gaming industries get a boost from COVID-19, China has been at the frontline of new marketing, partnership, and business models.

Tencent’s Hong Kong-listed shares dived 10% following the news, erasing USD 34.6 billion in market capitalization.

Tencent is reportedly driving discussions to merge China’s two biggest video game livestreaming platforms, Huya and Douyu.