DouYu (NASDAQ: DOYU) serves as a video game-centric live-streaming platform in China. DouYu operates its platform on both personal computers (PC) and mobile applications, through which users can enjoy immersive and interactive games and entertainment live streaming. The company was founded in 2014 and is based in Wuhan, China.
Research containing DouYu
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CB Insights Intelligence Analysts have mentioned DouYu in 1 CB Insights research brief, most recently on Apr 21, 2021.
Expert Collections containing DouYu
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DouYu is included in 1 Expert Collection, including Gaming.
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Latest DouYu News
Nov 23, 2023
Liu Xiaojie audio is not supported! Douyu’s Biggest Backer Tencent May Increase Oversight of Livestreaming Platform After CEO Arrest, Lawyer Says (Yicai) Nov. 23 -- Chinese internet behemoth Tencent Holdings, which is the majority shareholder in Douyu International Holdings, will probably implement tighter monitoring of the game-centric livestreaming platform’s adherence to the law after Douyu’s chief executive officer was arrested last week on suspicion of opening a casino, which is illegal in China. “Tencent, which holds a 37.7 percent stake in Douyu, will likely step up the firm’s compliance with regulations and improve its business model,” You Yunting, a lawyer and senior partner at DeBund Law Offices, told Yicai. Shenzhen-based Tencent is Douyu’s biggest source of livestreaming gaming rights, he added. Douyu’s operations are not likely to be affected in the short run, and in the long term, the company may focus more on e-sports, market insiders said. The firm’s board of directors and senior management will formulate an emergency plan. Tencent will probably continue to invest in Douyu, said Zhang Shule, a gaming industry analyst. Chen Shaojie has been arrested on suspicion of opening a casino, according to a statement released by police in Chengdu, southwestern Sichuan province yesterday. Douyu was informed on Nov. 20 that Chen was arrested by Chengdu police on or around Nov. 16, the Wuhan-based company said yesterday. No reasons for the arrest were given, it added. The CEO is responsible for ensuring the company abides by the law, You said. The fact that Chen was arrested probably means that he was engaged in the illegal activity in person. “This could have to do with the pressure of fierce external competition, slowed or even negative growth or even an internal performance assessment,” You added. This is not the first time that Douyu has been in trouble with the law over gambling. Three livestreamers were found guilty by a Chengdu court of organizing over 4,200 lotteries from a Douyu studio involving over 4.4 million people between March 2017 to September 2020 and were fined a total of CNY1.6 million (USD230,932). Two were also given six-year jail sentences. Douyu owns 4 percent of the live studio operator, Chengdu Jiutu Culture Media, according to corporate information provider Tianyancha. It was the first incidence of a live-streaming platform operator to be involved in a gambling case. Since Douyu went public on the Nasdaq in 2019, its business performance has been on the decline. Last year the firm racked up net losses of CNY90.4 million (USD12.7 million), in 2021 it squandered CNY620 million (USD86.7 million) while in 2020 it made a net profit of CNY540 million. Douyu’s share price [NASDAQ:DOYU] closed down 0.2 percent at USD0.90 yesterday, giving it a market capitalization of USD289 million. The company has lost 92 percent of its value since listing. If the stock price fails to return to above USD1 by April 22 next year, Douyu might be delisted. Editor: Kim Taylor
DouYu Frequently Asked Questions (FAQ)
When was DouYu founded?
DouYu was founded in 2014.
Where is DouYu's headquarters?
DouYu's headquarters is located at 20/F, Building A, New Development International Center, Wuhan.
What is DouYu's latest funding round?
DouYu's latest funding round is IPO.
How much did DouYu raise?
DouYu raised a total of $976M.
Who are the investors of DouYu?
Investors of DouYu include Tencent, Nanshan Capital, CMB International Capital, Shenzhen Capital Group, Qingdao Phoenix Capital and 4 more.
Who are DouYu's competitors?
Competitors of DouYu include Huya and 1 more.
Compare DouYu to Competitors
Huya (NYSE: HUYA) operates in the entertainment and technology sectors. The company provides a platform for interactive live streaming, primarily focusing on video games and related content. It caters to the gaming industry, with a particular emphasis on esports and online multiplayer games. The company was founded in 2016 and is based in Guangzhou, China.
Bilibili (NASDAQ: BILI) operates as a video-sharing platform. It delivers a video-sharing website themed around anime, manga, game fandom, and more. It also allows users to submit, view and add commentary subtitles on videos. The company was founded in 2009 and is based in Shanghai, China.
AcFun (A站) is a China-based video sharing platform. The company provides live comment displays for online video comment sharing. The site focuses on ACG (Anime, Comic and Games) themed videos.