Speaking of Tencent: Douyu, China’s Twitch backed by Tencent, files for a $500M U.S. IPO
Tencent is the second-largest stakeholder behind YY, the pioneer in China’s live streaming sector that had spun off Huya.
When it comes to the financial terms, the rivaling pair is in a head-on race. In 2018, Douyu doubled its net revenues to $531.5 million. Huya held an edge as it earned $678.3 million in the same period, also doubling the amount from a year ago.