DouYu

For the town in China, see Douyu (town).

DouYu
Type of businessPublic
Type of site
Live streaming
Traded asNasdaq: DOYU
OwnerDouYu International Holdings Ltd.
URLwww.douyu.com
Launched2016 (2016)
Current statusActive
DouYu
Simplified Chinese斗鱼
Traditional Chinese鬥魚
Transcriptions
Standard Mandarin
Hanyu PinyinDòuyú

DouYu (Chinese: 斗鱼; pinyin: Dòuyú) is a Chinese video live streaming service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019,[1] more than the 140 million monthly active users of Twitch.[2] In July 2019, DouYu International Holdings Ltd raised $21 million through U.S. initial public offering (IPO) and listed itself on the Nasdaq with the stock symbol DOYU.[3] It was the largest IPO of any Chinese company on Wall Street in 2019.[2]

In 2018, Douyu made $21 million in advertisement revenues.[4] Tencent owned about 21% of the shares as of 2020.[5]

The company was listed on the NASDAQ exchange on 17 July 2019.[6]  In August, the company was registered in Japan, and a new company "Mildom" was established with Mitsui & Co. to enter the Japanese market.[7]

As of 31 March 2020, Tencent held 38% of the company's shares, making it its largest shareholder. On 10 August, Douyu announced that it had received a non-binding preliminary proposal from Tencent, which proposed that Douyu and Huya Live merge in the form of a share exchange.[8] On 5 February 2024, Douyu responded by denying recent rumors of a merger with Huya.[9]

In April 2024, it was revealed that the well-known Douyu streamer "Yi Tiao Xiao Tuantuan OvO", who had announced a temporary suspension of broadcasting in January 2024, was involved in the case of Chen Shaojie's illegal gambling operation, with a significant amount of money involved, and was arrested in March.[10]

See also

References

  1. ^ Russo, Anthony (27 November 2019). "DouYu International Sees User Growth, Doubled Revenue". CapitalWatch.com. Retrieved 25 April 2020.
  2. ^ a b Ye, Josh (19 July 2019). "How Douyu won the live-streaming war to become China's Twitch". Abacus. Retrieved 25 April 2020.
  3. ^ Zhang, Chenglu (18 July 2019). "Live streaming service DouYu raises $21M through U.S. IPO". Esports Insider. Retrieved 25 April 2020.
  4. ^ Grigorian, Greg (9 July 2019). "Here is What You Need to Know About Douyu, Chinese Streaming Unicorn Eyeing US IPO". Pandaily. Retrieved 25 April 2020.
  5. ^ Haak, Alex (2 April 2020). "Tencent's Option To Become Huya's Controlling Shareholder". Seeking Alpha. Retrieved 25 April 2020.
  6. ^ "斗鱼成功登陆纳斯达克 上市首日低开后平收_新浪网". finance.sina.com.cn. Retrieved 7 July 2025.
  7. ^ "進入日本的中國「軟」商品 日經中文網". zh.cn.nikkei.com. Retrieved 7 July 2025.
  8. ^ 新浪科技 (10 August 2020). "斗鱼收到腾讯合并斗鱼和虎牙的初步建议". finance.sina.com.cn. Retrieved 7 July 2025.
  9. ^ ""护城河"没了后，斗鱼虎牙再传合并". www.stcn.com. Retrieved 17 July 2025.
  10. ^ "内容正在升级改造，请稍后再试！-新闻频道-和讯网". news.hexun.com. Retrieved 17 July 2025.
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