Ma personally gave instructions in an email: "Xingyu is a necessary supplement for us, providing sufficient pressure and stimulation to the Interactive Entertainment Business Group. I suggest putting in more effort."
Li Chaohui did not dare to slack off and visited Su Huai three times personally, but was unable to reach a consensus.
During this period, Tencent invested $630 million and $460 million respectively in Douyu and Huya, coupled with their controlling stakes in Penguin E-sports and Longzhu Live. Tencent's IEG business group had essentially surrounded Su Huai's Panda and Dog Star Platform.
Currently, in the live streaming market and gaming live stream segment, Penguin holds a 70% market share—an aggressive figure.
Xingyu lags behind significantly in this area. Esports streamers often have club contracts and typically sign directly with platforms, leaving Su Huai with little influence over them and limited ability to corner Tencent.
