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.