News

Tencent pumps $632 million into Chinese online games streaming platform Douyu

Date Type Companies involved Size
March 12th, 2018 investment Douyu
Tencent
$632m
Tencent pumps $632 million into Chinese online games streaming platform Douyu

Tencent isn't wasting any time getting on on the Chinese games livestreaming space after investing $632 million into Douyu.

China Money Network reports that Douyu, which also streams other entertainment media such as sports, was valued at $1.5 billion prior to the funding round.

Fast-growing company

The platform has 13 million active monthly users of its games streams. According to Deloitte, the company’s revenues have shot up 707.8 times over the past three years.

Douyu had previously raised as much as $158 million in a Series D funding round in November led by CMBI International Capital Corporation, and prior to that $226 million in a round led by Phoenix Capital Asset Management and Tencent in 2016.

The news of Tencent’s investment in Douyu comes just as it pumped $462 million into rival livestreaming service Huya, which looks set to launch an IPO in the US.

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Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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jay singh Marketing Assistant at Real Media Now Ltd
Wow that is quite a statement by Tencent, they obviously see the potential in live streaming games. Seems like a good investment by the company considering the there are 13 million active monthly users.
Jay
Real Media Now Ltd
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