Tencent-backed Huya to invest in Swedish firm MTG's e-sports unit

Tencent-backed Huya to invest in Swedish firm MTG's e-sports unit

Photo: Modern Times Group

MTG shares leapt as much as 25% on Monday after the Swedish e-sports and gaming firm said Chinese live-streaming platform Huya would buy a stake in its Turtle Entertainment (ESL) business and help it expand into China.

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