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Chinese video game streaming site Huya plans to cut staff

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Signs for a video game site in Huya appear at the Digital Film and Conference Conference, also known as ChinaJoy , in Shanghai.

Hong Kong Reuters — China’s video game situation Huya has begun to withdraw its officials, three sources close to the incident said, as more of the country’s tech companies rev up after a regulatory hit.

Huya, controlled by Tencent Holdings and now part of a plan by the Chinese tech giant to create China’s answer to gaming platform Twitch , plans to cut hundreds of officials because they are not allowed to talk to the networks.

The Nimo television unit, which launched in 2018 as an international version of Huya, is hit hardest by major staff cuts.

Tencent has blocked the plan to merge Huya and DouYu to create a $10 million video game platform in the form of a regulatory campaign.

Since then, Chinese regulators have increased their control of the video game streaming industry, with Tencent shutting down the Penguin Esports gaming armoury.

Huya’s biggest rival, DouYu, also lays off many employees, according to local media such as Tech Planet.

Douyu told Reuters that he is not doing most of the money laundering, but is making normal changes to improve resources.

Some of its old practices and limited growth opportunities have been banned by new regulations, which have caused a reduction in employees at other Chinese tech giants, including Tencent.

Xiaohongshu , known as the answer to Instagram , announced Friday that it has cut about 9% of its work.


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