Tencent tunes into DouyuTV in $100m round

Mar 16, 2016 • Thierry Heles

Tencent has led a $100m series B round for DouyuTV, a live video platform where audiences can watch other users play video games.

China-based video streaming service DouyuTV has secured $100m in a series B round led by internet company Tencent, China Money Network reported yesterday.

Sequoia Capital China and Nanshan Capital also took part in the round, reports of which first surfaced in a September 2015 article in the Wall Street Journal.

Game developer Zeus Interactive also participated, according to All China Tech, which also revealed that Tencent provided $61.5m of the funding.

Founded in 2013, DouyuTV operates a live video streaming…

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