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DouYu
Chinese live streaming website From Wikipedia, the free encyclopedia
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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]
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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] On 5 February 2024, Douyu responded by denying recent rumors of a merger with Huya.[9]
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.[10]
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