Tencent shuts down Penguin Esports, its rival to Amazon’s Twitch, as China’s crackdown on tech continues

Cindy F. Cape

The streaming platform, Penguin Esports, announced Thursday that it would terminate all services on June 7, citing changes in “business development strategy.” Just nine months ago, anti-trust regulators prevented Tencent merging the company with its other interests in live streaming. Penguin Esports was established by Tencent in 2016 and is […]