DouYu () is a Chinese video

live streaming Livestreaming is streaming media simultaneously recorded and broadcast in real-time over the internet. It is often referred to simply as streaming. Non-live media such as video-on-demand, vlogs, and YouTube videos are technically streamed, but no ...

service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019, more than the 140 million monthly active users of

Twitch Twitch may refer to: Biology * Muscle contraction ** Convulsion, rapid and repeated muscle contraction and relaxation ** Fasciculation, a small, local, involuntary muscle contraction ** Myoclonic twitch, a jerk usually caused by sudden muscle co ...

. In July 2019 DouYu International Holdings Ltd raised $21 million through U.S.

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) and it listed itself on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(Nasdaq) with the stock symbol DOYU. It was the largest IPO of any Chinese company on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...

in 2019. In 2018 Douyu made $21 million in advertisement revenues.

Tencent Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the w ...

owns about 21% of the shares.

References

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* {{Internet streaming services Chinese brands Chinese entertainment websites Video game streaming services Video hosting Video on demand services Software companies of China Companies listed on the Nasdaq

See also

References

External links