Today: 31 May 2025
12 July 2021
1 min read

China bars merger of two livestreaming operators

Experts believe that the review is another example of Beijing’s crackdown on influential IT giants…reports Asian Lite News

China’s State Administration for Market Regulation (SMAR) has barred the merger of Huya and Douyu, two of the country’s largest live streaming operators after a review.

Chinese tech giant Tencent had raised the merger case of Huya and Douyu. However, the merger between Huya and DouYu would give Tencent sole control of the merged entity, further strengthening Tencent’s dominance in the game livestreaming market, reported Global Times.

Tencent has separate control of Huya and joint control of DouYu, ranking first and maintaining over 40 percent of the online games market. Huya and DouYu separately have 40 percent and 30 percent share of the game livestreaming market, ranking first and second, Global Times reported citing Xinhua News Agency.

The blocked merger comes shortly after the Chinese Cybersecurity Review Office ordered app stores to remove ride-hailing app Didi Chuxing. Earlier, this week, the regulator announced that it will investigate job recruiting platform Boss Zhipin, and two commercial freight platforms, over national security concerns.

Chinese President Xi Jinping (Source twitter@ChinaAmbUN) (3)

Earlier, on Sunday, the Chinese Cyberspace Administration ordered online mobile app stores to take ride-hailing app Didi Chuxing off their shelves due to “serious violations of law and regulation” in the collection and use of personal information.

The Chinese watchdog said the application severely violated relevant laws and regulations while collecting and abusing user data. The regulator told the ride-hailing company to take concrete measures to fix the loopholes in accordance with the law and national standards.

Liu Dingding, a Beijing-based independent tech analyst said that given the current situation, more Chinese firms that intend to list in the US, would have a second thought amid the country’s tightening security on data protection.

Other experts believe that the review is another example of Beijing’s crackdown on influential IT giants. Earlier this April, the Chinese government imposed a huge fine on Chinese e-commerce giant Alibaba Group. (ANI)

ALSO READ: Sanctions on 34 firms over Russia, Iran, China ties

Previous Story

‘A cup of coffee a day may protect you from Covid-19’

Next Story

SPECIAL: Hidden Facts of Child Abuse in Pakistan

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

India re-charts its economic ties with China

Despite the rising tensions between the two neighbours and a

Yahoo leaves China

Yahoo users in China are now greeted with a message