Shenzhen Capital Group and National SME Development Fund also participated in the round, resulting in over RMB2 billion total capital raised by the startup this year, the China Money Network reported.
DouyuTV specializes in video game live broadcast, where users can share and watch how other players perform in popular video game series.
Founded in January 2014, DouyuTV claims to have 15 million daily active users and 200 million monthly active users, with a 70 per cent market share.
The Wuhan-based startup is planning to further cooperate with Tencent in copyright content sharing.
DouyuTV’s sports unit will be integrated into Qie Live, a broadcast platform under Tencent.
DouyuTV founder Chen Shaojie said the capital markets have been very optimistic about their future potential. “Our deep capital reserve will solidify our leading position to help drive growth of our business,” Shaojie said.
DouyuTV raised several million dollars in its series A funding from Sequoia Capital China in September 2014.
Last March, the startup raised $100 million in a series B financing round led by Tencent, with participation from Sequoia Capital China and Nanshan Capital.