Tencent's Merger Talks Boost Chinese Streaming Stocks HUYA, WB, and DOYU

Oct 01, 2024

Shares of several Chinese streaming companies rose on Tuesday. As of the latest update, Huya (HUYA, Financial) saw an increase of 2.8%, while Weibo (WB) edged up by 0.89%. The surge comes in light of reports that Tencent's investment division has met with top executives from Huya and Douyu (DOYU) to discuss potential merger plans. Though the exact date and details of the merger remain undisclosed, an agreement seems imminent.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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