Chinese tech giant Tencent announced on Thursday that it will shut down its esports events-focused streaming platform Egame. The platform has already stopped new user registration and plans to halt all services by June 7. Tencent has offered compensation to existing users, mostly in the form of tokens, and has committed to paying streamers’ salaries up until the platform closes. The company has also stated that user data will be deleted in accordance with China’s Personal Information Protection Law. Tencent already owns major esports-focused streaming platform Huya, but failed to acquire rival platform Douyu after regulators blocked the deal due to monopoly concerns. [Tencent press release]