Tournament operator BLAST has expanded its media rights deal with Chinese livestreaming service Douyu. The platform will retain its exclusive broadcast rights for the remainder of the 2021 BLAST Premier season and also gain the ability to broadcast the first-ever qualifier event to be held in China. The new event will incorporate Chinese Counter-Strike: Global […]
Home »
Tencent Asks DouYu and Huya to Merge, Looks to Increase its Stake in Huya
Monday, the boards of directors of Chinese live-streaming platforms DouYu and Huya received preliminary non-binding proposal letters from Tencent Holdings proposing that the two companies enter into a stock-for-stock merger. Tencent is looking to convert all DouYu shares into Huya Class A ordinary shares, making Huya the surviving entity of the merger. Since Tencent is […]
DouYu Reports $36.5M Profit for Q1 as Paying Users Increase by 26%
Today, Chinese game-centric live streaming platform DouYu International Holdings (NASDAQ: DOYU) reported its financial results for the first quarter of 2020. The company generated net revenues of ¥2.3B RMB ($319.3M USD) for the period ended March 31, which marks an increase of roughly 53% year-over-year compared to ¥1.5B ($208.7M) in Q1 2019. DouYu’s major source […]