According to people familiar with the matter, the pre-IPO valuation of Kuaishou, one of China’s leading short-video start-ups, has reached $25 billion.
Douyu, the game live streaming company, has officially gone public on NASDAQ on July 17, trading under the ticker symbol of “DOYU”.
China in all respects is a game streaming Eden. With a vast population and prodigious strides in tech, it will hardly run out of young virtual reality pundits willing to show off their gaming skills online in the near future.
Douyu TV, the largest game-centric live streaming platform in China, has updated the terms of its IPO in its prospectus. The Wuhan-based firm said it will offer a total 67.4 million shares, of which 44.9 million American depository shares and 22.5 million shares offered for sale by current stakeholders.