Streaming Platform Douyu to Get RMB 4 Billion from Tencent

 /  Game  / 
Tencent has been backing the platform since March 2016 when it led a $100 million B financing round along with Sequoia and Nanshan Capital. It also participated in Douyu’s RMB 1.5 billion worth C financing round in August the same year. Read More

Fans Prepare to Farewell AcFun, China’s Video-Streaming Pioneer

 /  Animations  / 
With coffers drying up, some longtime users are holding out hope for an Alibaba-backed resurgence. Read More

Prodigal Frogs Are China’s Latest Gaming Fad

 /  News  / 
Players divided over whether ‘Traveling Frog’ is a cute diversion, or just plain boring. Read More

China’s New Rules Targeting ‘Inappropriate’ Online Games Send NetEase’s Shares Down

 /  News  / 
China’s leading internet portal and gaming company NetEase saw its shares drop by 3.23% on NASDAQ on Thursday US time after Xinhua reported that the government plans to clean up “illegal” and “inappropriate” online games. Read More