DouYu

OverviewDouYu (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, compared to 140 million monthly active users for Twitch. DouYu International Holdings Ltd is listed on the Nasdaq Stock Exchange under the Ticker symbolDOYU on 17th of July, 2019. HistoryFounding and growthDouYu commenced operations and launched its live-streaming platform in 2014. Among the Chinese game streaming platforms, Douyu is ranked first in average total monthly active users (MAUs) and average daily time spent by active users during the first quarter of 2019. Early Developments and IPOIn an updated IPO prospectus filed on July 8, Douyu reported a profitable first quarter of 2019 with total revenues soaring 123.4% year on year to approximately US$222 million. Douyu ended the 2019 with annual revenue of US$1.041 Billion. On 17 July 2019, DouYu listed on the Nasdaq Global Select Market under the ticker symbol DOYU. The offering raised approximately US$775 million through the sale of 67.4 million American Depositary Shares at US$11.50 each, valuing the company at approximately US$3.73 billion.