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


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.

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