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Tencent's Market Dominance: Blocked Merger of Online Gaming Giants
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Last year, Tencent announced plans to merge Huya and Douyu, however, on July 10th, 2021, The State Administration for Market Regulation (“SAMR”) stated that it would block the merger on antitrust grounds. This is a substantial development, as it is the first time the Chinese government has blocked a merger in the tech sector for antitrust reasons, lets discuss it today!
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