But the good thing is, the merger deal could still happen. Huya and DouYu Combine for $740M in Q1 Revenues Prior to Planned Merger Newzoo Names Hugo Tristão New Market Lead – Esports Learn2Esport … HUYA Inc. a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 2021 . DouYu (NASDAQ:DOYU) fell 6.7% on a report that Huya's (NYSE:HUYA) planned purchase may be blocked by Chinese regulators. Huya And DouYu: Future eSports Giant - Tencent's Vision Is Larger Than A 'Twitch' Of Asia DTF Capital Fri, Aug. 14, 2020 19 Comments Huya And DouYu: Mega Growth And Merger Potential Philippines–headquartered esports and gaming talent agency Tier One Entertainment announced that it has secured a Pre-Series A financing round led by venture capital firm Gobi Partners through its Gobi-Core Philippine Fund, a joint-venture fund with Core Capital. The recent weakness in HUYA stock maybe because there’s a chance that Chinese regulators may block the merger from happening. Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … In addition, entertainment and record label Warner Music Group joined the round as part of its strategic investments in the region. Even with a solid set of financial results, investors appear to have concerns about its potential merger with DouYu (NASDAQ: DOYU). Total net revenues in the first quarter of 2021 were RMB2,152.7 million (US$328.6 million), compared with RMB2,278.0 million in the same period of … Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. Huya dropped 3.2%.
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