Registration open - SportAccord World Sport & Business Summit
18 Dec 2023 17:37
Chinese game streaming platform Douyu TV announced that it has closed a Series C financing round of RMB 1.5 billion (US$ 226 million) led by tech giant Tencent and Phoenix Capital.
According to an earlier report, Douyu has raised RMB 670 million in its Series B financing, in which Tencent invested RMB 400 million. It raised several million U.S. dollars in its series A funding from Sequoia Capital China and Nanshan Capita in September 2014.
Founded in 2013, Douyu is a Chinese start-up similar to Amazon’s live video-game streaming service Twitch.
According to official company statements, as of March, the platform had around 15 million daily active users, around 200 million monthly active users and 4 million peak concurrent sitewide viewers.
After this round of financing, Douyu plans to co-operate further with Tencent in content sharing. The sports unit of Douyu will be integrated into Qie Live, a live broadcast platform under Tencent.
Earlier, Tencent spent about US$ 8 billion last month acquiring a majority stake in Supercell, the developer of “Clash Royale”.
Source: chinamoneynetwork & AllChinaTech
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
China’s eSports market hits USD 10.1bn in 2017
31 May 2018
United Vansen to close acquisition of ADO Den Haag FC
20 Jan 2015
China to inject $30m into marginal winter sports
30 Jul 2015
Chinese capital eyes Bundesliga
19 Aug 2016
Chinese reportedly eyeing biggest F1 stake in $8.5bn bid
19 Oct 2015
More from Yutang Sports
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
SportAccord scores Summit touchdown with NFL
18 Jan 2024
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Reasons why Leading Gold Partner Sport Event Denmark returns to SportAccord every year
08 Feb 2024
Yutang Sports
loading...