Tencent-backed live-streaming firm DouYu files for $500m U.S. IPO - Vanguard News

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Tencent-backed live-streaming firm DouYu files for $500m U.S. IPO

A girl broadcasts live from a phone as she holds a selfie stick with a sign of the live-streaming platform DouYu during an event celebrating the New Year in Wuhan, Hubei province, China, December 31, 2018.

DouYu was the largest game-streaming platform by average total monthly active users on both mobile and PC during the fourth quarter of 2018, according to the prospectus. DouYu’s IPO could be one of the largest this year by a Chinese company in the United States, together with that of Starbucks challenger Luckin Coffee which also filed overnight.

Source: Gaming Daily Report (gamingdailyreport.net)

 

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