Tue, Aug 13, 2019 - Page 13 News List

The billion-dollar race to become China’s game-streaming boss

With superstar players, millions of fans and a US$3 billion industry on the line, game-streaming rivals Douyu and Huya are duking it out to become the Twitch of China

Bloomberg

Douyu’s founder is also looking for a second act. China’s game-streaming industry has been experiencing a slowdown in growth, partly due to the rise of short video apps like ByteDance’s Douyin (抖音), the domestic version of TikTok.

At Douyu’s headquarters in Wuhan’s Optics Valley tech hub, a pair of Siamese fighting fish swim in the tank near the front desk. The popular aquarium species, known for being aggressive and territorial, is a reminder of competition and where the start-up gets its name from. Douyu literally means “fighting fish.”

“One tank cannot house two fish,” a sign reminds visitors.

This story has been viewed 1718 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top