Tencent is shutting down its video game broadcasting business.. know why

Chinese social media and gaming giant Tencent Holdings said it will shut down its Penguin Esports unit at the June meet, as it streamlines its regulatory filings.

The company said on its official WeChat account that the decision to shut down the six-year-old platform, as it can clarify more information from a model similar to Amazon’s Twitch, was made due to, the details.

Last year, Beijing banned the attempt to trade, e-commerce, e-commerce game, sports in the new entity.

I learned and learned, and made plans, plans and long plans for work

Tencent said Thursday that Penguin Esports has stopped accepting new users or hosts for live broadcasts and has prevented existing ones from adding their accounts with immediate effect, interrupting that the app will be removed.

Another hit in the past months is e-commerce platform Xiao’e Pinpin in February, which has hit production in mainland China.