Rhea LiuTwitch-like game streaming website, Douyu TV, is reported to have raised a large amount of funding from Tencent, the WSJ reported earlier.The game streaming business is hot around the world.
Twitch was acquired by Amazon last year for USD 97 million and Youtube has established an independent channel, Youtube Gaming as of June, in addition to having just launched a mobile game streaming application in Japan.There were an estimated 30 million Chinese gamers watching game streaming websites as of last year and that number may hit 100 million in 2016, according to iResearch.
Chinese investors have increased their interests in the top Chinese game streaming websites.AllChinaTech has handpicked the most popular game streaming companies currently operating in China.
It has since fundraised an A-series of RMB 20 million USD 3.17 million and a B-series of USD 20 million both from Sequoia Capital.Douyu, as the leader of game streaming in China, has daily pageviews of 39.69 million.
It has been criticized for its aggressive expansion.
Earlier this year, Douyu hired six top live casters from rival Huya.com together worth RMB 60 million.Huya.comPreviously known as YY Livecasting, Huya belongs to NASDAQ-listed company YY.