Tencent seals two live-stream deals in a day

Chinese internet giant Tencent has opted to invest in two major live-streaming platforms in a single day, The Paper reported. Huya.com, a subsidiary of YY Inc., a leading Chinese live-streaming social media site listed on Nasdaq, said it received a US$461.6 million B-round injection from Tencent on Thursday. Following the completion of this transaction, YY […]