Huya-owned streaming platform Nimo TV is shutting its global operations. The decision affects 14 countries, including Brazil, Esports Insider was told by the company’s Country Manager for Brazil, Tulio Chebli.
Esports Insider asked about the ‘several international factors’ outside of Nimo’s control that it mentioned in the announcement on its official social media channels.
According to Chebli, Huya has been suffering several sanctions from the Chinese government, which include limiting gaming or streaming time for the country’s under 18 population. Such sanctions made Huya’s investor, Tencent, back off funding to Huya’s global project, forcing Nimo TV to shutter operations.
Chebli says that the notice that the company would shut its operations caught the team by surprise in the morning of April 14th. In Brazil only, Chebli expects around 200 people across employees, staff members and streamers, to be affected by the cut.
Nimo TV is a streaming platform popular across Asia. It has conducted operations in Brazil since 2018, focusing mainly on mobile games like Garena’s Free Fire and MOONTON’s Mobile Legends: Bang Bang.
It was the birthplace of famous local streamers and organisations like LOUD.
It has maintained a partnership with Riot Games since 2021 for the broadcast of official Wild Rift and League of Legends tournaments. In 2020, Nimo TV had 60 percent of its global audience based in Brazil.
Esports Insider says: This news caught by surprise both the audience and the employees of Nimo TV. It gives us a dimension of how the sanctions on gaming in China are affecting the country’s related businesses. In Brazil, Nimo TV was living its best years with the growth of mobile games and the partnership with Riot Games.