China-based video streaming service DouyuTV has secured $100m in a series B round led by internet company Tencent, China Money Network reported yesterday.
Sequoia Capital China and Nanshan Capital also took part in the round, reports of which first surfaced in a September 2015 article in the Wall Street Journal.
Game developer Zeus Interactive also participated, according to All China Tech, which also revealed that Tencent provided $61.5m of the funding.
Founded in 2013, DouyuTV operates a live video streaming platform that lets users stream video games played by others.
In addition to its financial investment, Tencent will assist DouyuTV with intellectual property and content distribution. Sequoia and Nanshan previously took part in an undisclosed series A round for the company.