Gaming

The game livestreaming industry in China could reshuffle as Tencent assumes a controlling stake in both of the industry’s leaders, Huya and Douyu.

Huya and Douyu, both backed by Tencent, have already surpassed Twitch in number of monthly active users.

Once just a hobby, video games are now a lifestyle for professional gamers and casters. Even government entities and other major stakeholders are now involved in ‘s e-sports scene.

Companies cut marketing and halt expansion to stay afloat.

Growth in the gaming smartphone vertical contrasts with the sluggish performance of the wider mobile sector.

Consumers worldwide spent USD 16.7 billion on gaming apps in Q1.

The Chinese government has imposed strict regulations to combat game addiction among young people last November.

Tencent and NetEase own over 60% of China’s mobile gaming market combined.