DouYu said July 12 that it had scrapped its acquisition agreement with Huya after China's State Administration for Market Regulation, or SAMR, halted the proposed deal. The regulator said the merger would give Tencent Holdings Ltd., which has stakes in both companies, a dominant position in the game livestreaming market. The move comes amid intensifying regulatory scrutiny of big tech companies in China, which saw the listing of Alibaba Group Holding Ltd.'s affiliate Ant Group postponed.