Wednesday, July 1, 2020

Tencent Exercises Option to Become Largest Shareholder in Huya

Today, NYSE-listed Chinese live-streaming platform Huya announced that Tencent Holdings, through its wholly-owned subsidiary Linen Investment Limited, exercised its option to acquire additional shares in the company to increase its voting power in Huya to 50.9% (on a calculated based on the total issued and outstanding shares of Huya) and became the company’s largest shareholder. […]