In the midst of another week of COVID-19 quarantine, the music industry can’t stop talking about live streaming – but, over in China, Tencent’s doing a lot more than talking. On Friday (April 3), Linen Investment Limited – a wholly-owned subsidiary of China-based Tencent Holdings Limited – revealed that it is acquiring a controlling stake in Twitch rival Huya.
Source: Tencent spends $263m to buy control of Chinese live streaming giant Huya