China's Tencent pushes for creation of $10b livestreaming juggernaut

China's Tencent pushes for creation of $10b livestreaming juggernaut

Tencent Holding Ltd

Tencent has gone public with its plan to merge China’s top two livestreaming platforms into an in-dustry dominating $10 billion juggernaut with 300 million users.

In a Monday letter to Huya Inc. and to DouYu International Holdings Ltd., the internet giant proposed a stock-for-stock merger.

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