
Douyu Confirmed the Arrest of Its CEO Chen Shaojie
On November 21, Nasdaq-listed game livestreaming company Douyu announced that the company's CEO, Chen Shaojie, was arrested by Chengdu police around November 16, 2023.
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On November 21, Nasdaq-listed game livestreaming company Douyu announced that the company's CEO, Chen Shaojie, was arrested by Chengdu police around November 16, 2023.
On Monday, China's antitrust regulator blocked Internet giant Tencent's plan to merge Huya and Douyu, two major domestic video gaming platforms.
The number of mobile monthly active users decreased from 50.2 million in the same period last year to 45.3 million, and the average number of paying users also decreased from 4.5 million to 3.4 million.
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 In...
Chen Shaojie, the Chairman and CEO of Chinese game livestreaming company Douyu, has gone missing for nearly three weeks.
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...
Last week was significant for the esports industry in China as the Chinese anti-monopoly authority terminated the merger between China’s two largest gaming live streaming companies - Douyu and Huya. Both live streaming platforms are controlled by Chinese conglomerate Tencent Holdings, and Tencent would have had a 70% market share of the live stream gaming sector if the merger had gone ahead.
China's market regulator on Saturday blocked tech giant Tencent's merger of Huya and Douyu, two videogame streaming platforms.
Huya, a live streaming platform for games in China, announced its third-quarter financial report on Tuesday, showing its total net revenue reaching $461.8 million, up 5.7% year-on-year.
Tencent plans to privatize one of its streaming platforms DouYu as its executives hold disagreements regarding strategy.
News emerged recently that Huya and Douyu, leading game livestreaming platforms in China, are implementing internal layoffs. Both companies have responded to relevant news.
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 min...