Douyu TV

Founder / s: Zhang Wenming
Key people: Roger Gao (Vice President) and Zhang Wenming (Founder & CEO)

Douyu is a live gaming video site similar to Twitch, a US-based company acquired by Amazon in 2014 for $ 970 million.Founded in 2013 as AcFun Live, a live broadcasting division of AcFun, Douyu changed its name grow independent in January 2015.

As the Chinese market for online games continues to boom, Douyu TV, an online entertainment company that broadcasts live e-sports events, has hit a reported valuation of US $ 100 million after a series B funding round led by social giant Tencent Holdings.

This is the latest move by Tencent, the parent of mainland China’s most popular mobile chatting tool WeChat, to maintain its dominant position in China’s online games market competition competition from domestic rivals grows.

Tencent said it also deepens the two side ‘pre-existing strategic cooperation agreement in the field of entertainment, culture and sports, news website 163.com reported.