Weibo Esports Acquires TS Gaming QQ Speed Squad, Newzoo Partners With Hainan Resort Software Community
Last week was significant in Chinas live streaming and short-form video industry, as U.S. President Donald Trump on Thursday signed executive orders to ban transactions with Tencent Holdings WeChat and ByteDances short-form video app TikTok. This news caused Tencent Holdings to lose market valuation of roughly $54B USD on Friday.
On Monday, Tencent sent preliminary non-binding proposal letters to DouYu and Huya, asking both companies to enter into a stock-for-stock merger. Tencent is the large…
