China: Phoenix Capital, Tencent back DouyuTV's $226m Series C round

China: Phoenix Capital, Tencent back DouyuTV's $226m Series C round

Visual from company website

Phoenix Capital Asset Management, and Tencent Holdings Ltd have led a $226-million (RMB1.5 billion) Series C financing round in DouyuTV, a game and entertainment live broadcast platform in China.

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