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DouYu International Holdings Limited (DOYU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12.40+0.26 (+2.14%)
As of 1:06PM EST. Market open.
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Previous Close12.14
Open12.30
Bid12.35 x 900
Ask12.36 x 1000
Day's Range12.12 - 12.61
52 Week Range6.11 - 17.85
Volume2,012,505
Avg. Volume3,328,870
Market Cap3.98B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est15.85
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Why DouYu International Stock Fell 16.6% in December
    Motley Fool

    Why DouYu International Stock Fell 16.6% in December

    Shares of DouYu International Holdings (NASDAQ: DOYU) fell 16.6% in December, according to data provided by S&P Global Market Intelligence, as the Chinese live-streaming gaming company came under scrutiny by regulators. DouYu was on a yearlong tear in 2020 as rumors of a tie-up with rival game-streamer HUYA (NYSE: HUYA) swirled, and Chinese digital conglomerate Tencent Holdings (OTC: TCEHY) offered to mediate a merger of the two. Tencent is a majority owner of HUYA and has a significant stake in DouYu as well.

  • Tencent Group Buys Further 10% of Vivendi’s Universal Music
    Bloomberg

    Tencent Group Buys Further 10% of Vivendi’s Universal Music

    (Bloomberg) -- A Tencent Holdings Ltd.-led consortium will acquire an additional 10% of Universal Music Group, in a deal that values the world’s biggest music company at 30 billion euros ($36.8 billion).The purchase will bring Tencent’s holding in the music group to 20% following a deal last year for a stake at the same valuation. UMG’s connection to the Chinese internet giant will help boost its expansion in Asia, and Tencent will also take a minority holding in UMG’s Chinese subsidiary, the label’s parent company, Vivendi SA, said in a statement on Friday.Vivendi will also sell additional minority stakes in UMG ahead of its plans to list the unit by 2022. The company plans to use cash from the deals to reduce debt and to finance share buybacks and acquisitions. UMG’s entry onto the stock market could give the music group more financial clout to compete with rivals such as Warner Music Group and Sony Music Entertainment.Vivendi shares rose 1.2% to 26.29 euros at 9:44 a.m. in Paris on Friday. The company’s stock has gained 1.9% this year. Tencent declined 0.5% in Hong Kong.For Tencent, the increased stake will help it continue to diversify a business that’s heavily focused on gaming and the Chinese market. In other deals this year, Tencent helped orchestrate the combination of Huya Inc. and DouYu International Holdings Ltd., creating a Chinese game-streaming giant with a market value of more than $11 billion. It has also proposed taking private Chinese gaming firm Leyou Technologies Holdings Ltd.Universal Music has been boosted by a surge in streaming that has dragged the industry out of a decade-long slump, helping Vivendi through the pandemic lockdown.The deal will close during the first half of 2021, subject to regulatory approvals.(Updates with share price in 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.

  • China Regulators Review Huya’s $6 Billion Deal to Buy DouYu
    Bloomberg

    China Regulators Review Huya’s $6 Billion Deal to Buy DouYu

    (Bloomberg) -- China’s regulators said they are reviewing Huya Inc.’s proposal to acquire game-streaming rival DouYu International Holdings Ltd., part of a crackdown on anti-competitive behavior in the country’s technology industry that throws the $6 billion transaction into question.Guangzhou-based Huya offered to buy its domestic competitor in October, proposing an all-stock transaction that would have created a combined business valued at about $11 billion at the time. Internet giant Tencent Holdings Ltd., a shareholder in both companies, would have had about 68% of the merged business’s voting shares.Regulators announced their review of the Huya acquisition on Monday as they levied fines against a Tencent affiliate and Alibaba Group Holding Ltd. for their M&A transactions. The two companies were fined 500,000 yuan ($76,500) each over failing to declare past acquisitions under the country’s anti-monopoly laws. The antitrust agency singled out the Huya deal during a lengthy Q&A posted on its website explaining why it was tightening oversight of internet-sector deals in general.A Huya spokesperson said the company has applied to the antitrust watchdog for a review of the proposed merger and will cooperate with the regulator. DouYu representatives didn’t immediately respond to requests for comment. Their combined market valuations are now about $8.5 billion. DouYu’s U.S.-traded shares fell 2.4% at 2:03 p.m. in New York while Huya slid less than 1%.The transaction was negotiated before the recent government crackdown and was aimed at creating the country’s dominant live-streamed gaming leader akin to Amazon.com Inc.’s Twitch. Consolidation would likely have improved the profitability of the business: The streaming networks live or die by the popularity of star players and the virtual tips and gifts that fans buy for them, leading to intense bidding wars for the most-recognized names.Read More: Tencent Kicks Off Deal to Create $10 Billion Streaming GiantThey are fighting over a prime position in the world’s biggest gaming market. China’s game-streaming is projected to generate 30 billion yuan ($4.6 billion) in revenue this year, according to iResearch.As part of the deal, Tencent planned to assign interest in its own live-streaming business, Penguin e-Sports, to the combined entity for $500 million. Together, the three platforms would have unrivaled leadership in game-streaming, though they would still compete for users’ attention with hotter services like TikTok’s domestic twin Douyin and Bilibili Inc.Huya and DouYu said in October that the deal was expected to close in the first half of 2021. Both boards of directors had unanimously approved the transaction and the chief executive officers of both companies had agreed to support it.(Update with U.S.-traded shares in 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.