Within the past week, four US shareholder rights litigation firms announced an investigation into claims against Chinese livestreaming platform Douyu.
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Benefitting from the expansion of its user base, Huya, a leading game live streaming platform in China, continued gaining profits for the seventh consecutive quarter, according to its newly released earnings report in the second quarter of 2019.
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.
In Episode 43 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into the world of gaming live streaming, which is a pretty big industry in China. Specifically, our co-hosts focus primarily on two companies, Douyu and Panda.TV.
Inke Inc. welcomed its first trading day on July 12 on the Hong Kong Stock Exchange, starting with a 40 percent surge on its share price within the first 15 minutes.
In the first half of 2018, eight live-streaming platforms in China raised approximately 10 billion yuan (US$11.6 billion). Among them, leading platforms HUYA Inc. and Douyu TV account for nearly 70% of the total.
According to Chinese media reports, the popular live-streaming platform Douyu TV, is rumored to go public in Hong Kong next month at a valuation of $700 million.
Douyu held its 2017 Awarding Ceremony in Shanghai yesterday. Chief operating officer Cheng Chao confirmed Douyu is preparing for an IPO in an interview.