Welcome to the world of Chinese e-sports! The rise of Tencent-led Huya and ChineseHuangBloomberg has been nothing short of phenomenal. These two giants have not only transformed the gaming industry in China but also become major players on the global stage. With their innovative strategies and cutting-edge technology, they are changing the way we think about online entertainment. In this blog post, we will take a closer look at these companies and explore what sets them apart from other players in the field. So buckle up, it’s going to be a thrilling ride!
Introducing Chinese Huya
Huya, an online video platform said to be worth $2 billion, is now available in the U.S. Huya is a direct-to-consumer streaming service that allows users to watch more than 100,000 movies and TV shows from China and around the world. The company was founded in 2014 by Zhang Yiming and his brother Zhang Peifu. Huya offers a monthly subscription for $8.99 or a one-time payment of $59.99 for its full catalogue of content. The service is available on desktop computers and mobile devices, including Apple products such as the iPhone, iPad, and iPod Touch; Android devices; Amazon’s Kindle Fire tablets; Microsoft’s Xbox One console; Roku players; Chromecast devices from Google; LGsmart TVs from LG Electronics; and Panasonic Blu-ray players.
Huya has announced plans to invest up to US$1 billion over the next three years in content production and distribution in order to grow its library of original programming. The company says it has already produced more than 50 original series, including “Monster Hunter Stories,” “Shin Godzilla: King of the Monsters,” “Death Race 2050” and “The Great Detective Pikachu.” Huya has also created partnerships with companies including Netflix, HBO Asia, Warner Bros., Fox International Channels (FIC), Vitamin Water China Ltd., Cathay Pacific Airways Ltd., Alibaba Group Holding Ltd., Baidu Inc., Tencent Holdings Ltd., Marriott International Inc., among others
What is TencentledHuya?
TencentledHuya (HK: TCE; TW: Tencent) is a Chinese social media company with its headquarters in Beijing, China. It was founded in December 2012 by Zhang He, the former founder and CEO of Baidu. The company offers an online messaging service called WeChat, as well as other online services including QQ Music and QQ Movies. In September 2018, Tencent announced that it would merge with ByteDance, a Chinese technology company. As part of the merger, TencentledHuya will become the largest subsidiary of ByteDance and its president will take on the role of CEO of TencentledHuya.
TencentledHuya has over two billion monthly active users globally across its various products. The company’s messaging service is particularly popular in China where it is used by over 1.3 billion people. In September 2018, Tencent announced that it had raised $13 billion in funding from investors including Alibaba Group Holding and Fosun International.
How Does TencentledHuya Work?
TencentledHuya is a social media and messaging app that works with Huangbloomberg. The app allows users to share news, articles, pictures and videos. TencentledHuya also has a voice search feature that allows users to find information quickly.
Recent Developments at TencentledHuya
Tencent Holdings Ltd. (HKG: 0700) is the parent company of TencentledHuya, which is a Chinese social media and entertainment company with over 1.2 billion active users. In February 2019, Tencent announced plans to spin-off its mobile gaming business into a separate company named Huya Games Co., Ltd. The move is seen as an attempt to reduce the influence of Tencent’s gaming division on the overall company and to better align its strategy with that of its other businesses.
In March 2019, Tencent announced it would invest US$2 billion in food delivery platform Meituan Dianping Inc. (Meituan Dianping) over the next three years. The investment will help Meituan Dianping expand its services beyond food delivery into areas such as grocery shopping and lifestyle services. This investment comes shortly after Alibaba Group Holding Ltd.’s (NYSE: BABA) $5 billion acquisition of rival food delivery platform Eleven Inc. in January 2019.
In April 2019, Chinese e-commerce giant JD.com Inc.(JD: 002333) announced that it had acquired a majority stake in Chinese ride-sharing app Didi Chuxing Technology Co., Ltd., now known as Didi Kuaidi Holding Co., Ltd.. The deal valued Didi Chuxing at approximately US$35 billion and gives JD control over one of China’s largest ride-sharing platforms and one of the country’s most valuable technology
Conclusion
It has been a little over two years since Tencent Holdings Ltd. (HKG:0700) and Huangbloomberg Media LLC announced their merger, and the new company is already making waves in the Chinese media industry. The merged entity will have a market capitalization of more than $250 billion, giving it a commanding position in China’s rapidly growing digital media sector.
The newly formed company has made some significant investments in both content production and distribution, as well as acquisitions, which indicates its ambitions to become a dominant player not only in China but also globally. The combined resources of Tencent Holdings and Huangbloomberg Media will enable the company to better serve consumers with innovative content products and advertising platforms. We look forward to watching this powerful conglomerate continue to grow over the next few years.
