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Huya, a live streaming platform for games in China, announced its third-quarter financial report on Tuesday, showing its total net revenue reaching $461.8 million, up 5.7% year-on-year.
Tencent plans to privatize one of its streaming platforms DouYu as its executives hold disagreements regarding strategy.
News emerged recently that Huya and Douyu, leading game livestreaming platforms in China, are implementing internal layoffs. Both companies have responded to relevant news.
Tencent-backed Chinese game-centric live streaming platform Douyu Tuesday reported a 53% year-on-year increase in its total net revenue to $321.1 million in Q1 2020.
On Monday, a former employee of Chinese game livestreaming company Huya announced the verdict of a high-profile legal case against the firm.
China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.
Chinese game live streaming platform Huya announced its First Quarter 2022 financial results on Tuesday. The company has shown resilience in its Q1 financial performance and made great strides in expanding its user base.
Benefitting from the expansion of its user base, Huya, a leading game live streaming platform in China, continued gaining profits for the seventh consecutive quarter, according to its newly released earnings report in the second quarter of 2019.
Huya announced on Friday that it had signed a deal with EDward Gaming (EDG), the winner of the 2021 League of Legends World Championship (Worlds 2021), to broadcast on its platform.
On May 8, the Cyberspace Administration of China issued a statement stating that regarding serious ecological problems such as pornography and vulgarity on Chinese live streaming platform DouYu, it sent a work group to conduct a one-month centralized rectification supervision on DouYu.