Twitch-like Penguin Esports never achieved a substantial market share in China, but Tencent already owns the country's two largest game streaming platforms, Douyu and Huya, via previous acquisitions, reports TechCrunch.
Earlier this month, China's Cyberspace Administration suspended the registration of new users from ride-hailing app Didi.
Even as concerns get raised about the Chinese play in Indian startups, the report said that only one investor from the country's northern neighbour Tencent Holdings features among the top unicorn backers.
In an earlier order issued on August 7, Trump prohibited the China-based company from doing business with US firms after 45 days.
'The United States must take aggressive action against the owners of TikTok to protect our national security,' Trump said in an executive order.
Back in the year 2017, Player Unknown’s Battleground was initially made available for Microsoft Windows which was available via Steam Store.
It has generated more than $1.3 billion, or approximately 88 per cent of its lifetime player spending, so far this year.
The PUBG Mobile 0.16.0 update is set to bring a special Winter Festival along with Erangel map, TPP to FPP switch and a new death race mode.
China’s social media and video game giant Tencent overtook Facebook in market value as investors sent the company soaring to…
Ola is also in talks with other investors to raise an additional $1 billion with new and existing investors.
