Tencent, Huya, and Chinese Huya are Chinese companies that have made headlines for working together to create a joint venture in the mobile gaming arena. Now, Bloomberg has reported that the two companies have teamed up to launch a new esports-centric streaming platform. This new platform, which is expected to launch early in 2021, could potentially revolutionize the competitive gaming industry in China. In this article, we will take a closer look at the Tencent, Huya, and Chinese Huya joint venture and what it could mean for the esports industry in the country. We will also discuss why this partnership with Bloomberg could be a key factor in their success.
Background on Tencent, Huya, and Chinese Huya
Tencent is a Chinese tech giant and one of the most valuable companies in the world, with a market value of more than $800 billion. The company is best known for its role in the gaming industry and is the creator of popular titles such as League of Legends and Honor of Kings. It also owns WeChat, the world’s most popular messaging app.
Huya is a leading streaming platform in China, with more than 200 million active users. It focuses on broadcasting gaming content, and is similar to Twitch in the United States. Chinese Huya is a subsidiary of Huya and is a website focused on mobile gaming. It was established to capitalize on the boom in mobile gaming in China.
Tencent, Huya, and Chinese Huya Joint Venture
In October 2020, Tencent, Huya, and Chinese Huya announced plans to launch a new streaming platform that would be dedicated to esports. The joint venture, which is called Huya Live, is expected to revolutionize competitive gaming in China by providing new features and services that were not available before.
Huya Live is expected to be the first platform of its kind to broadcast esports tournaments, allowing users to watch professionals compete in real-time. It will also have a built-in betting function, allowing users to place wagers on games in real-time. Furthermore, Huya Live will feature esports-focused products and services, such as streaming subscriptions and merchandise.
Partnership with Bloomberg
It has recently been reported by Bloomberg that Tencent, Huya, and Chinese Huya have partnered with the financial news outlet to launch a new esports-focused streaming platform. This could be a key factor in the success of the joint venture, as Bloomberg has a large international presence that could help draw in more viewers from around the globe. Furthermore, Bloomberg has a wealth of esports-specific content and expertise that could be used to enrich Huya Live.
The joint venture between Tencent, Huya, and Chinese Huya is an exciting development for the Chinese gaming industry. The launch of Huya Live is sure to revolutionize the way in which people watch esports in the country, bringing new features and services to millions of viewers. Furthermore, the partnership with Bloomberg has the potential to attract even more viewers from around the world and make the platform even more successful. It will be interesting to see how Huya Live develops over the coming months.