Chinese tech giant Tencent is in a process to possibly merge two local streaming platforms DouYu and Huya with the intention to create a potential competitor for Twitch that is backed by Bezos’ Amazon.
Initially, Tencent plans to spend $10 billion for facilitating efforts in a collaboration backed streaming platform that could be an alternative for streamers to switch from Twitch in case of being banned due to strict rules.
Tencent is most likely assessing the pros and cons of Twitch and YouTube as well to find substantial advantages in taking their crowds away. Perhaps, new global streaming giant may offer gentle regulations at first try to get as many streamers as it could have to attain a significant number of users who might be potential customers for advertisers.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life