Tencent-backed Huya invested $30m in Turtle Entertainment.

Tencent-backed Huya, a leading game live streaming platform in China, invested $30m in MTG's portfolio company Turtle Entertainment, the largest e-sports company in the world. "We are excited to announce this term sheet for an important strategic partnership which provides us with a strong partner in Huya to pave the way for a successful ESL expansion into the thriving Chinese esport and gaming market in due time," says MTG President and CEO Jørgen Madsen Lindemann.