Douyu TV, an online platform for live videos of people playing games, has raised $100 million in a funding round led by China’s internet giant Tencent Holdings Ltd. The deal reportedly values Douyu TV at over $1 billion.
Existing investors Sequoia Capital China, and Nanshan Capital also participated. Tencent’s investment was about $61 million, according to TencentQQ News (Chinese). The funding values Douyu TV at over $1 billion, making it the latest unicorn in China.
