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Tencent-led Series C round pushes total investment in Chinese gamecasting platform Douyu TV to over $2 billion

Tencent-led Series C round pushes total investment in Chinese gamecasting platform Douyu TV to over $2 billion

Tencent has pushed investment in Chinese gamecasting platform Douyu TV reach over $2 billion.

The Chinese corporation had previously invested in the platform in March 2016 during its Series B funding round, where it cleared $1 billion - of which $400 million came from Tencent. 

Douyu has now raised a further $225 million from Tencent and Qingdao Phoenix Capital in a Series C round.

A bit more than ten cents

Developers looking to make use of Douyu TV as an influencer platform may also be interested in the recently launched Voltu, which connects advertising clients with platforms such as Douyu on a global scale.

[Source: Marbridge Consulting]


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Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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