On the evening of March 8, the evening of today's Gathering Times announced a new round of financing for its Tiger Wire Live. Tencent’s strategic investment in Tiger Teeth is 460 million US dollars. This is also the single largest investment ever made by Tiger Tooth. After this financing, the era of Gathering still maintains a controlling stake in the broadcast of Tiger Tooth. On March 6th, the Huya Group announced that it had secretly submitted a draft application for registered listing to the Securities and Exchange Commission (SEC) in the near future and may be listed on the US IPO.
Gathering time CEO Li Xueling said that after Tencent has become a strategic partner for Tigers Live, I believe that Tigers and Tencent will work together to better provide Chinese young game users with content services such as live games and electric games. Huya Live will also consolidate its leading position in the live broadcast market in this strategic cooperation.
Hu Yasheng was formerly a subsidiary of Hua Gaju Era. It was not until May 2017 that A-round financing was initiated to introduce investments such as Ping An.
In recent years, Huya has gained market share in games such as "League of Legends", "Glory of the King" and the recent hit "The Jedi Living". And began to distribute a wide range of live content, is a live broadcast platform for young people, the main game live, layout of diversified content.
According to the Gathering Times financial report, in the first quarter to fourth quarter of 2017, the revenue of streaming media live broadcast services from the Tiger Gear division was 382.6 million yuan, 441.8 million yuan, 552.4 million yuan, and 692.7 million yuan. In the just-announced 2017 Q4 financial report, Huya has made a profit on its live broadcast.
In addition, today Betta Live broadcast another live game platform announced a new round of financing, Betta live broadcast founder and CEO Chen Shaojie said in a circle of friends today, has received a new round of 6.3 billion US dollars financing, Tencent exclusive investment. "The new journey, Betta is fully cooperating with Tencent to deepen the field of game live broadcasting, and it will make strategic cooperation between the game and live broadcast." "This is also after the two rounds of financing obtained by Tencent, the betta won Tencent financing." In January of this year, Reuters’ IFR report stated that Betta is planning to go public in Hong Kong in 2018 and the fund-raising amount will be US$300 million to US$400 million, which means that the two game-playing platforms that announced Tencent’s financing on the same day will also be The first game of the live game is being scrambled. In addition, according to Reuters’ IFR report today, the Chinese video broadcast platform has mapped out a $300 million Hong Kong IPO.