13.20 +0.47 (3.69%)
Before hours: 8:08AM EDT
Commodity Channel Index
|Bid||12.95 x 1300|
|Ask||12.99 x 1800|
|Day's Range||12.23 - 12.79|
|52 Week Range||6.11 - 13.64|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd.The mobile-focused streaming network’s demise on July 2 comes just two years after it received $120 million in investment from backers including Alphabet Inc.’s Google. The company, whose name translates as “tentacle,” has asked streamers who play exclusively on the platform to switch to Tencent-backed video-sharing app Kuaishou, according to an in-app notice viewed by Bloomberg News. Chushou and Google representatives didn’t respond to requests for comment sent via email.Chushou’s downfall further underscores Tencent’s supremacy in China’s game-streaming market, which iResearch estimates will generate 23.6 billion yuan ($3.4 billion) in revenue by the end of this year. Now, Tencent effectively controls the two largest platforms -- Huya Inc. and DouYu International Holdings Ltd. -- and has its own esports site eGame. In addition, the social media behemoth has stakes in fast-growing video services Kuaishou and Bilibili Inc., both of which are vying for more gaming content. Chushou said in 2018 it had 8 million unique streamers and 90 million registered users on its platform.Read more: The Billion-Dollar Race to Become China’s Amazon TwitchChina’s streaming companies live and die on fans splurging on virtual gifts to tip performers, leading to bidding wars over the top professional gamers and putting an enormous strain on smaller platforms. Last year, No. 3 player Panda TV also succumbed to competitive forces and shut down its service. Tencent, whose WeChat messaging service is the social media starting point for more than a billion people, can market its services broadly and has forged close ties with influencers, advertisers and content providers across the country.Chushou streamers complained recently online that they’ve not received their cut of virtual-gifting revenue for months and at least one influencer agency is suing Chushou for breach of contract. Last month, Shanghai Xiaren Internet Technology Ltd. secured a court order to freeze 5 million-yuan worth of assets owned by Chushou operator Hangzhou Kaixun Technology Ltd., according to court documents viewed by Bloomberg News. Other investors in Hangzhou-based Chushou include Qiming Venture Partners, GGV Capital, Shunwei Capital and Baidu Inc.’s Netflix-style iQiyi service.Tencent dominates at home but its streaming and social media efforts haven’t progressed far abroad -- something it may be looking to address. The WeChat operator has been quietly testing a mobile-focused streaming network in the U.S. since at least March. Called Trovo Live, the new service closely resembles Twitch in its appearance and functionality, and sports Tencent’s own portfolio of popular games including Fortnite and PUBG Mobile.(Updates with details on Tencent’s business in the fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sleep Number, Groupon, Yext, DouYu International and NeoPhotonics highlighted as Zacks Bull and Bear of the Day
DouYu International Holdings Limited (DOYU) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
In this article we will check out the progression of hedge fund sentiment towards DouYu International Holdings Limited (NASDAQ:DOYU) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]
Today we dive into three 'cheap' stocks trading under $20 a share that investors might want to buy despite concerns about spikes in coronavirus cases...
(Bloomberg) -- China has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd.Regulators singled out ByteDance’s Xigua and three apps run by Tencent-backed firms -- Bilibili Inc., Huya Inc. and DouYu International Holdings Ltd. -- among those subject to punishments ranging from halting new user sign-ups to suspending content updates for “main channels,” the Cyberspace Administration of China said in a notice posted Tuesday. The watchdog said those services must rectify vulgar and other problematic content and that it’s blacklisted selected live-streaming hosts, without elaborating. NetEase Inc.’s CC Live and Baidu Inc.’s Quanmin were also among those named.Beijing is intensifying scrutiny over the country’s internet giants as they deepen forays into content and user contingents grow into the hundreds of millions. Livestreaming in particular has burgeoned in past years as platforms from Bilibili to DouYu become vibrant social media forums that penetrate well beyond cities and into the countryside, enabling an explosion of communications that’s proven increasingly difficult to monitor. That in turn has fostered a growing cohort of online influencers with followings in the millions.It’s unclear what the content suspensions encompass. Both Huya and DouYu, which divide content into channels like games or entertainment, posted in the main recommendation section of their apps that they have “suspended updates” since Tuesday, without elaborating. Representatives for Baidu, Bilibili, ByteDance, Huya, NetEase and DouYu didn’t immediately respond to requests for comment.Read more: The Billion-Dollar Race to Become China’s Amazon TwitchThe migration of viewership online during the pandemic has only accelerated the phenomenon. The regulators said Tuesday the punishments came after they conducted examinations of a total of 31 major streaming platforms.China’s top state broadcaster recently criticized Huya for hosting gaming ads in a channel offering free online courses for homebound students. In response, the company shut its learning page and offered refunds to minors who spent their parents’ money on games, the app said in a statement.In April, Chinese regulators suspended key channels in Baidu’s flagship mobile app, citing vulgar content. That two-week punishment could reduce revenue from its core search and feed business in the June quarter by close to 2%, according to an estimate by Jefferies analyst Thomas Chong.(Updates with regulators’ comment in the fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
DouYu is a live streaming video game company based in China. DOYU stock has climbed 60% in the last month, yet its price tag remains 'cheap' and it's poised to grow within the quickly-expanding international video game market...
DouYu International Holdings Limited Sponsored ADR (DOYU) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
DouYu International Holdings Limited Sponsored ADR (DOYU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
Gaming industry records the third straight month of a strong year-over-year upside, driven by the COVID-19 pandemic. People confined to indoors find video games as their ideal quarantine pastime.
LivePerson, Children's Place, Limelight Networks, DouYu International and Mitek Systems highlighted as Zacks Bull and Bear of the Day
Today we dive into three "cheap" stocks trading under $10 a share that are part of the broader technology space because tech is poised to continue to drive the market for years to come...
The Zacks Analyst Blog Highlights: BJ's Wholesale Club, Perdoceo Education, DouYu International, Camping World and Peloton Interactive
Today we look at three "cheap" stocks trading under $10 a share that might be worth buying as the market continues to march higher on coronavirus reopening optimism and more...
Investors might be reluctant to buy tech stocks in this volatile market, which faces fierce macro headwinds like COVID-19 and the trade war. The growing digital divide between the U.S. and China also makes it increasingly difficult to invest in companies that straddle both markets. Cisco is the world's largest manufacturer of networking routers and switches.
A company's stock price is one of the many factors that go into determining its value -- and a small price doesn't always mean a small company. Many investors love small stocks because they tend to have smaller market caps and more room to grow. The first pick is Celsius Holdings (NASDAQ: CELH), a rapidly growing fitness drink producer.
Shares of DouYu International Holdings (NASDAQ: DOYU) were surging on Thursday after the company got a notable analyst upgrade. DouYu stock is continuing a recent climb. An analyst with JPMorgan changed DouYu's neutral rating to overweight -- Wall Street jargon meaning the stock is undervalued.
Today we are going to look at DouYu International Holdings Limited (NASDAQ:DOYU) to see whether it might be an...
Image source: The Motley Fool. DouYu International Holdings Ltd (NASDAQ: DOYU)Q1 2020 Earnings CallMay 26, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and good evening, ladies and gentlemen.
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International