Technology

Tencent Closes Game Streaming Site After Beijing Blocks Merger

Tencent Closes Game Streaming Site After Beijing Blocks Merger

Tencent Holdings Ltd. announced it will shut down its game streaming service, more than a year after Beijing blocked its effort to create China’s equivalent of Amazon.com Inc.’s Twitch through a merger. The streaming platform, called Penguin Esports, will terminate all services on June 7, after having already suspended new user registrations and in-app purchases, Tencent said in a statement Thursday.

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