HONG KONG : Chinese video game streaming site Huya has started laying off staff, three sources close to the matter said, as more of the country's technology companies scale back after a bruising regulatory crackdown.
The company's Nimo TV unit, which launched in 2018 as an international version of Huya, is most heavily affected with large staff cuts already implemented. Since then, Chinese regulators have ramped up oversight of the livestreaming industry and Tencent this month shut its in-house video game streaming arm Penguin Esports.
Douyu told Reuters that it is not currently conducting large-scale layoffs but making normal personnel adjustments to optimise resources.
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