DouYu

Chinese game streaming firm DouYu says police arrested founder Chen Shaojie on unspecified charges on or around November 16, confirming reports; DOYU drops 7%+

Zheping Huang / Bloomberg :

Sources: Chinese authorities took away DouYu founder Chen Shaojie in October 2023; a source says to investigate porn and gambling on the game streaming website

Financial Times :

China launches a rare on-site inspection of Wuhan-based DouYu to address “serious” issues like porn at the Nasdaq-listed, Tencent-backed game streaming company

Xinmei Shen / South China Morning Post :

Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, will lay off hundreds of staff; Huya had 2,075 employees in 2020

Josh Ye / Reuters :

Chinese regulators rejected Tencent-led merger of Huya and DouYu, which together have 80%+ share of the Chinese game live streaming market based on active users

- Regulators reject Huya-DouYu merger as scrutiny grows  — Tencent had been counting on the merger to solidify its lead

Sources: Tencent is in talks to merge China's biggest game-streaming platforms Huya and DouYu, which would have a combined market value of $10B with 300M+ users

Bloomberg : Tweets: @pingroma See also Mediagazer Tweets: Zheping Huang / @pingroma : Tencent is driving talks to merge China's biggest game-streaming networks Huya and DouYu, a deal would cement its...

Tencent-backed Chinese game focused live-streaming platform DouYu raises $775M at $3.73B valuation, after pricing its US IPO at the bottom of its marketed range

Tencent-backed DouYu, a Chinese video game live-streaming platform, files for a US IPO; DouYu reported net revenue of $531.5M and a net loss of $127.4M in 2018

UNITED STATES SECURITIES AND EXCHANGE COMMISSION … Rita Liao / TechCrunch : Douyu, China's Twitch backed by Tencent, files for a $500M U.S. IPO Alex Wilhelm / Crunchbase News : A Quick Look At DouYu's...