U.S. Markets open in 4 hrs 36 mins

Chinese Esports Group Backed by Tencent Raises $775 Million in U.S. IPO

Chinese Esports Group Backed by Tencent Raises $775 Million in U.S. IPO

Chinese video-streaming service DouYu raised $775 million in its IPO, capitalizing on the growing popularity of watching others play games on the internet.