Chinese video game live-streaming platform Douyu denied recent reports that it would finally be merging with main rival Huya – both backed by Tencent Holdings – but acknowledged the two firms are working together in some areas, according to local media reports. Douyu said on Monday that there are no merger plans between the two … Read more
While the win was regarded as strong proof of Korea’s status as a global esports powerhouse, LCK league seems to be getting off on the wrong foot in 2024. Chinese teams dominate in esports matches at Asian Games despite Beijing’s harsh policies As LCK kicked off its spring season last week, Huya, a video game … Read more
This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”, which reflects Baidu’s focus on generative AI. “For Baidu, Ernie … Read more
