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 […]

China’s Tech Crackdown: A Year-in-Review

Cindy F. Cape

Over the past year, Beijing clipped the wings of its once high-flying technology giants in a dramatic clash between public and private power. Casualties included some of China’s top tech companies, including internet conglomerates Tencent and Alibaba, food delivery app Meituan, ride-hailing app Didi, as well as companies in online […]