Tencent e-sports stars would play better as a team

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Tencent e-sports stars would play better as a team
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Shares in video-game streaming company DouYu have underperformed those of its main rival, Huya. For Tencent, a big investor in both, it's a fresh reason to push for a merger. AlecMac11

DouYu International, a New York-listed Chinese video-game streaming company backed by internet giant Tencent, reported its first set of results as a public company on Aug. 13.

Total net revenue for the three months ended June 30 rose 133% to 1.9 billion yuan from 803 million yuan in the same period last year. The company swung to a net profit from a net loss over the same period. Rival Huya, also backed by Tencent, reported earnings for the same period on the same day. It’s net revenue grew 93.6% to 2 billion yuan from 1 billion yuan a year earlier. The company made a net profit of 170 million yuan during the quarter, up 61.7% from 105 million yuan.

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