Douyu gets to next stage with $630m Tencent investment

Mar 8, 2018 • Robert Lavine

Tencent has been an investor in the game streaming platform since early 2016, the same year the companies formed a strategic partnership.

Internet group Tencent has provided $630m of funding for China-based game-focused livestreaming platform Douyu, Sina Technology reported today, citing comments by Douyu CEO Chen Shaojie.

Originally known as AcFun, Douyu operates an online livestreaming platform that broadcasts gaming and eSports content. It had 30 million daily active users as of late 2017, when it claimed it had also reached profitability.

Tencent has been an investor in Douyu since the company’s $100m series B round in early 2016, and the…

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