Chinese antitrust regulator blocks Tencent's $5.3b video games merger

Chinese antitrust regulator blocks Tencent's $5.3b video games merger

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu, on antitrust grounds.