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Google invests in Chinese game-streaming service

Bloomberg Alphabet Inc.’s Google has joined a funding round for a Chinese games-streaming service, making its second direct investment there since largely withdrawing from the country in 2010. The Mountain View, California company is joining a Series D investment round for Chushou, whose name translates into “Tentacle,” a Chinese mobile-centric game live-streaming platform with 90 million registered users. Existing backers ...

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China’s YY to list its eSports video platform in US

Bloomberg Chinese live-streaming company YY Inc. is planning to spin off and list its eSports video platform Huya Broadcasting in the US, people familiar with the matter said. The Twitch-like streaming division is seeking to raise at least $200 million this year to fund expansion in a fledgling but heated sector, the people said, requesting not to be named because ...

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Modi’s worst growth year puts pressure on budget to spur economy

Bloomberg India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, piling pressure on his government to jump start activity before a national vote early next year. Gross domestic product will grow 6.5 percent in the year through March, the Statistics Ministry said, compared with the Bloomberg consensus of 6.6 ...

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