Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Company

Chinese regulator blocks Tencent-driven merger of Huya, Douyu streaming sites

July 12, 2021


Abstract : China's market regulator on Saturday announced a block on the Tencent-driven merger of the two streaming sites Huya and Douyu after an anti-monopoly review.

BEIJING, July 10 (Xinhua) -- China's market regulator on Saturday announced a block on the Tencent-driven merger of the two streaming sites Huya and Douyu after an anti-monopoly review.

The ban was based on the country's anti-monopoly law after the State Administration for Market Regulation on Jan. 4 launched an antitrust review on the merger filed by Tencent Holdings Ltd.

Tencent has a market share of more than 40 percent in upstream online-game operation services, ranking first in the market. Huya and Douyu have a market share of over 40 percent and 30 percent respectively in downstream live games, ranking first and second, and their total market share is over 70 percent, the review showed.

Tencent already has sole control of Huya and joint control of Douyu. If the merger went ahead, Tencent would have sole control of the new unit, further strengthening Tencent's dominance in the live-game market, the regulator said.

If the merger was made, Tencent might have the ability and motivation to implement a blockade in the upstream and downstream markets, which may have the effect of excluding and restricting competition, hurting fair competition in the market, the regulator said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Tencent merger

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial