Company:DouYu
DouYu (Chinese: 斗鱼; pinyin: Dòuyú) is a Chinese video live streaming service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019,[1] more than the 140 million monthly active users of Twitch.[2] In July 2019, DouYu International Holdings Ltd raised $21 million through U.S. initial public offering (IPO) and listed itself on the Nasdaq with the stock symbol DOYU.[3] It was the largest IPO of any Chinese company on Wall Street in 2019.[2]
In 2018, Douyu made $21 million in advertisement revenues.[4] Tencent owned about 21% of the shares as of 2020.[5]
The company was listed on the NASDAQ exchange on 17 July 2019.[6] In August, the company was registered in Japan, and a new company "Mildom" was established with Mitsui & Co. to enter the Japanese market.[7]
As of 31 March 2020, Tencent held 38% of the company's shares, making it its largest shareholder. On 10 August, Douyu announced that it had received a non-binding preliminary proposal from Tencent, which proposed that Douyu and Huya Live merge in the form of a share exchange.[8] In July 2021, Chinese regulators blocked a proposed merger between Huya and DouYu on antitrust grounds.[9] On 5 February 2024, Douyu responded by denying recent rumors of a merger with Huya.[10]
In April 2024, it was revealed that the well-known Douyu streamer "Yi Tiao Xiao Tuantuan OvO", who had announced a temporary suspension of broadcasting in January 2024, was involved in the case of Chen Shaojie's illegal gambling operation, with a significant amount of money involved, and was arrested in March.[11]
See also
References
- ↑ Russo, Anthony (27 November 2019). "DouYu International Sees User Growth, Doubled Revenue". https://www.capitalwatch.com/article-4697-1.html.
- ↑ 2.0 2.1 Ye, Josh (19 July 2019). "How Douyu won the live-streaming war to become China's Twitch". https://www.abacusnews.com/who-what/how-douyu-won-live-streaming-war-become-chinas-twitch/article/3019361.
- ↑ Zhang, Chenglu (18 July 2019). "Live streaming service DouYu raises $21M through U.S. IPO". https://esportsinsider.com/2019/07/douyu-raises-775m-nasdaq/.
- ↑ Grigorian, Greg (9 July 2019). "Here is What You Need to Know About Douyu, Chinese Streaming Unicorn Eyeing US IPO". https://pandaily.com/here-is-what-you-need-to-know-about-douyu-chinese-streaming-unicorn-eyeing-us-ipo/.
- ↑ Haak, Alex (2 April 2020). "Tencent's Option To Become Huya's Controlling Shareholder". https://seekingalpha.com/article/4335659-tencents-option-to-become-huyas-controlling-shareholder.
- ↑ "斗鱼成功登陆纳斯达克 上市首日低开后平收_新浪网". http://finance.sina.com.cn/zt_d/douyuipo/.
- ↑ "進入日本的中國「軟」商品 日經中文網". https://zh.cn.nikkei.com/industry/tradingretail/37934-2019-11-13-05-00-00.html?start=1.
- ↑ 新浪科技 (10 August 2020). "斗鱼收到腾讯合并斗鱼和虎牙的初步建议". https://finance.sina.com.cn/tech/2020-08-10/doc-iivhuipn7899396.shtml.
- ↑ "Chinese antitrust regulator blocks Tencent's $5.3 billion video games merger". CNBC. 2021-07-10. https://www.cnbc.com/2021/07/10/chinese-antitrust-regulator-blocks-tencents-5point3-billion-video-games-merger.html.
- ↑ "“护城河”没了后，斗鱼虎牙再传合并". https://www.stcn.com/article/detail/1116518.html.
- ↑ "内容正在升级改造，请稍后再试！-新闻频道-和讯网". https://news.hexun.com/2024-04-23/212631688.html.
External links
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