Updated 8 March 2018, 1:40 pm: This post has been updated to include a confirmation from Douyu about its new financing deal with Tencent.
Game streaming platform Douyu (斗鱼) will receive $630 million (RMB 4 billion) financing from Tencent and sign a strategic agreement with the company. The news was published by Xue Di Chu Wang official WeChat account and confirmed by Douyu’s founder and CEO Chen Shaojie.
A report from RFA Reuters published in January stated that Douyu is planning to raise about US$300-400 million from an IPO this year. However, the plan has not yet been confirmed by the company.
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