DouYu

DouYu 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,
more than the 140 million monthly active users of Twitch.
In July 2019, DouYu International Holdings Ltd raised $21 million through U.S. initial public offering and listed itself on the Nasdaq with the stock symbol DOYU. It was the largest IPO of any Chinese company on Wall Street in 2019.
In 2018, Douyu made $21 million in advertisement revenues. Tencent owned about 21% of the shares as of 2020.
The company was listed on the NASDAQ exchange on 17 July 2019. In August, the company was registered in Japan, and a new company "Mildom" was established with Mitsui & Co. to enter the Japanese market.
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. On 5 February 2024, Douyu responded by denying recent rumors of a merger with Huya.
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.