Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has lau...
HONG KONG - Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has launched a follow-on share offering of about $343 million to raise funds for investment in its content and e-sports partners.
Huya is selling 13.6 million primary shares, the game-streaming firm company said in a stock exchange filing. At the same time, social media platform YY Inc is selling 4.8 million of Huya shares, the filing showed. Huya is China’s biggest live-streaming game platform, according to the offering prospectus, competing with Douyu which plans to go public in New York this year.
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