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Livestreaming Gamer Takes Playbook to Wall Street
Huya Inc. plans to raise up to $200 million in a New York initial public offering (IPO) in what could become the first such U.S. listing from China’s young but fast-growing group of live-broadcasting specialists. Read More
Streaming Platform Douyu to Get RMB 4 Billion from Tencent
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
China’s Live Streaming Sector Booms, but Looming Challenges
More than 200 live streaming platforms and apps are actively involved in the live streaming sector, which CreditSuisse estimated to have topped RMB 25 billion in 2016, attracting 325 million users. Read More
Live Streaming is China’s Killer Social Network
Live streaming hype was so intense in 2016 that the government quickly stepped in to ensure that platforms are compliant with relevant regulations. Read More
Shark Thriller ‘Meg’ Will Bite China in 2018 Before Rest of World
The Jason Statham/Li Bingbing vehicle will debut for Chinese New Year audiences a full two weeks before it attacks the rest of the world in early 2018. Read More
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