DOYU - DouYu International Holdings Limited

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
8.07
-0.13 (-1.59%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close8.20
Open8.21
Bid8.00 x 800
Ask8.08 x 1100
Day's Range7.95 - 8.25
52 Week Range7.77 - 11.88
Volume2,357,031
Avg. Volume4,028,996
Market Cap2.62B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateAug 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.53
Trade prices are not sourced from all markets
  • ACCESSWIRE

    DouYu International Holdings Ltd - ADR to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 13, 2019 / DouYu International Holdings Ltd - ADR (NASDAQ: DOYU ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August ...

  • PR Newswire

    DouYu International Holdings Limited Reports Second Quarter 2019 Unaudited Financial Results

    WUHAN, China , Aug. 13, 2019 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China ...

  • The Billion-Dollar Race to Become China’s Amazon Twitch
    Bloomberg

    The Billion-Dollar Race to Become China’s Amazon Twitch

    (Bloomberg) -- Cameras flashed and fans screamed, as Liu Mou stepped into the spotlight on a sweltering summer evening. In the industrial heartland city of Wuhan, tens of thousands of spectators jam-packed the waterside strip that bore witness to Chairman Mao Zedong’s iconic swims across the Yangtze river half a century ago. In unison, the mob roared “hubby” -- the moniker jokingly assigned to many male celebrities in China -- and Liu, 28, waved back with a smirk. The crowd was mostly men.Their adulation was a testament to Liu’s status -- not as marriage material -- but as one of the brightest stars among China’s gamers. Liu and his fans were on the waterfront for a carnival celebrating the industry, hosted by one of China’s largest game-streaming companies, Douyu. Liu is its biggest celebrity. Every day, he spends at least four hours playing League of Legends and other popular titles, streamed to more than 10 million fans. Here, at the carnival, they were getting a chance to see him in person.For two nights, out of his own pocket, Liu bought dinner for 3,000 of his followers at two nearby restaurants. As he shuttled between tables of noodles and crayfish for selfies, groupies swarmed to pat his rotund belly, and he laughed out loud. It was an endeavor to thank his fans. “I had a hard time taking care of everyone,” he said.The three-day festival raked in about 20 million yuan ($2.9 million) in ticket sales, and it’s all part of the race to create China’s equivalent of Amazon’s Twitch, only bigger and potentially more profitable. Douyu is counting on people like Liu to generate revenue via virtual gifts bestowed by fans, potentially showing tech giants like Facebook Inc. and Amazon.com Inc. a new way to monetize game-streaming beyond advertisement and sponsorship. Liu and Douyu’s fate are also intertwined by the same challenge: to prove their spectacular rise is more than a fad but can withstand competition, cash burn and government censorship. Analysts predict the industry could grow to be a $3 billion business in China.“I choose Douyu because the platform has accumulated a huge base of League of Legends fans,” said Liu, better known by his moniker PDD. “So far our success is built upon each other, and we complement each other.”Twitch, acquired by Amazon for nearly $1 billion in 2014, is the dominant game-streaming platform in the U.S. Yet its absence from China -- due to a government ban -- has given local startups a chance to fight for the world’s largest gaming market. Unlike Twitch, which has multiple revenue streams like subscriptions and ads, Chinese platform operators live and die on virtual gifts from fans.Liu plays exclusively on Douyu, and that partnership is key for the company, which went public in New York in July. Ninety-one percent of Douyu’s revenue came from virtual gifts in the quarter ended March.Liu alone may have contributed as much as 3% of Douyu’s revenue in the second quarter, according to Ke Yan, a Singapore-based analyst with Aequitas Research. He based his analysis on stats from xiaohulu.com, which monitors virtual gift spending across Chinese streaming services. Douyu’s shares gained almost 4% Monday.Liu’s ability to turn his internet addiction into a fortune reflects a shift in values and consumption amid rising wealth in China. As a teenager, Liu disobeyed his parents when he moved to Shanghai to become a professional gamer for one of the world’s most popular games, League of Legends. Back then, he earned a monthly salary of just $200. He lied to his parents that he was getting as much as $440,000 a year. Plain steamed buns were his go-to food. KFC was a luxury.It didn’t take long for him to establish a name in the professional gaming world. By putting in more than 15 hours a day for training, he became captain of Invictus Gaming, one of China’s top esports clubs, which won the country its first League of Legends world championship last year. After he retired in 2014, Liu began to stream his gaming sessions full-time on various platforms. Now he lives in a 300-square-meter (about 3200 square feet) downtown apartment, where he broadcasts at least four hours a day to his 10 million Douyu subscribers. One of his few regrets is treating himself to a white Ferrari, as he almost never goes out.Over the years Liu built a laid-back, wacky persona. When his avatar dies, he yells, “I got cracked open,” a phrase that spawned a world of memes. One time he got so excited for unearthing a rare virtual weapon that he fell off his chair. Another time he spilled water all over his trousers but had no time to change in the middle of a game. “Leak! We have a leak!” Liu cried out to his girlfriend.Liu’s fans lavish him with virtual fish balls and rockets, ranging from a few pennies to $300 per item. Hardcore devotees like Sun Yi, 22, traveled 24 hours on a train from his village to join the meetup at one of the crayfish restaurants. Wang Jie, a 20-year-old college student, spent months saving up for a plane ticket to Wuhan after watching Liu play League of Legends every night for years. She remembers exactly the moment Liu added her on instant messaging service WeChat -- at 2:19 a.m. sharp -- she was so excited she had to take laps around a soccer field to calm herself down.Neither were disappointed. At Douyu’s festival they mingled with thousands, many dressed as elves and warriors -- popular gaming avatars -- and sauntered down the 1.5 kilometer-long river-side park. On stage, streamers battled away sitting in Tron-like LED lit boxes, while their hack and slash feats were projected onto two giant screens.Twitch’s ex biggest star, Fortnite gamer Tyler “Ninja” Blevins, has said he earns almost $7 million a year through paid subscribers on the platform alone. Liu might well rival that. Platforms like Douyu pay top gamers like Liu at least $4 million a year to retain them exclusively, says Liu. He also redeems money from virtual gifts from followers, after giving Douyu half the cut.Liu’s Star Quality by The NumbersThe battle to be the biggest game-streaming platform is costly. The cash burn on marketing and retaining top performers has caused investors to question the business model. Douyu’s arch nemesis, Huya, is trading at only half of its June peak last year.That doesn’t bode well for Douyu. Despite having a larger user base and more top performers, Douyu lags behind Huya on margin and revenue.“Notwithstanding Douyu’s strong first quarter performance, Huya is simply a better business,” said Arun George, a London-based analyst at Global Equity Research. “Huya’s higher monetization is likely due to its apps, which enable users to more easily search and discover content that resonates with their personal tastes.”Huya declined to make executives available for an interview.The cutthroat competition has edged out smaller players, including Panda TV, Liu’s previous employer. Its downfall has made way for Tencent Holdings Ltd. to dominate game streaming in China.The social media giant has its own esports site, called eGame, in addition to backing Douyu and Huya. It owns a 37.2% stake in Douyu and 34.6% in Huya. Tencent didn’t respond to requests for comment.Chen Shaojie, 35, founded Douyu five years ago inspired by Twitch’s success. He says the company’s advantage over Huya is its bigger user base and wider game offerings, which in time will help it generate more revenue.“Top streamers are extremely valuable for us,” said Chen, who owns a 13.3% stake in Douyu. “After we’re public, we’ll become more experienced with monetization.”As a public company Douyu will also come under more scrutiny. Streamers often need to spend their own money to buy fan support -- a common industry practice that calls to question whether company revenue is inflated. Soon after Douyu signed on Liu in March, he spent nearly 20 million yuan to buy himself votes during Douyu’s annual online idol competition. Half of that money goes to Douyu, and the other half returns to Liu’s pocket. Douyu’s CEO confirmed this.“These ‘fake’ votes will be still counted as revenue as, under accounting standards, the streamer will be considered a paying customer,” said Global Equity Research’s George. “Douyu’s focus on top streamers makes it more susceptible to this issue compared to Huya.”Censorship is always another concern. Accounts with millions of followers can get wiped in a day if regulators deem what they post improper. Last year, a top performer got banned because she made fun of Japan’s invasion of China.Liu learned from their mistakes. He stopped smoking on camera and even donated two million yuan to a school in one of China’s poorest counties. “Your personality and what you say and do, can have a huge influence on fans,” Liu said. “You have to be careful about a lot of stuff.”Companies like Douyu deploy armies of censors to police virtual content that falls afoul of Beijing. There’s no tolerance for the slightest political satire. No potential risk is too small: Douyu originally planned to throw this year’s carnival at the end of May, but postponed the event for two weeks because authorities were wary of public gatherings around the 30th anniversary of the Tiananmen Square crackdown, according to Douyu organizers who asked not to be named to discuss sensitive matters. Douyu’s CEO said the delay was due to road construction near the venue, citing a previous company statement.Liu is aware that he won’t be this famous forever. Millions of streamers on Douyu’s platform toil more than four hours a day on the platform, and the rise of a new star player could mean less income for Liu.So he’s planning for the future. Last August, Liu opened a training camp, which grooms about two dozen teenagers for top games like League of Legends and PlayerUnknown’s Battlegrounds. He earns money when esports clubs sign on his proteges. Earlier this year, Liu also led a 125 million yuan funding round for a talent agency called Elephant Entertainment, which recruits and promotes thousands of streamers. In April, it garnered a 1 billion yuan valuation and the backing of Tencent.Douyu’s founder is also looking for a second act. China’s game streaming industry has been experiencing a slowdown in growth, partly due to the rise of short video apps like ByteDance’s Douyin, the domestic version of TikTok.At Douyu’s headquarters in Wuhan’s Optics Valley tech hub, a pair of Siamese fighting fish swim in the tank near the front desk. The popular aquarium species, known for being aggressive and territorial, is a reminder of competition and where the startup get its name from. Douyu literally means “fighting fish.”“One tank cannot house two fish,” a sign reminds visitors.(Updates with Douyu’s share price in the 8th paragraph.)To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Emily Biuso, Lulu Yilun ChenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    DouYu International Holdings Limited to Report Second Quarter and First Half 2019 Financial Results on August 13, 2019

    WUHAN, China , Aug. 6, 2019 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and ...

  • Wanda Sports Has Year’s Second-Worst Debut After IPO Flops
    Bloomberg

    Wanda Sports Has Year’s Second-Worst Debut After IPO Flops

    (Bloomberg) -- Wanda Sports Group Co. fell 36% in its trading debut after its U.S. initial public offering raised only $190 million, less than half its earlier goal for the listing.The American depositary shares priced in the IPO at $8 and then opened at $6. The shares ended the day worth only $5.16 a share, valuing the Beijing-based company at $705 million after the second-worst debut on a U.S. exchange this year.The outcome was a far cry from earlier aspirations by the unit of Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda Group Co. to raise as much as $500 million. Wanda Sports and some of its investors originally sought to sell 33.33 million shares for $12 to $15 each.Faced with insufficient demand, the owner of the Ironman triathlon brand had slashed the size and price range before the offering. The targets were lowered to 28 million shares for $9 to $11 each. The offering ended up at 23.8 million shares after existing shareholders abandoned plans to sell 13.3 million of their shares.The debut crash adds to the poor performance of Chinese companies that have gone public this year in the U.S. Including Wanda Sports, 11 of the 18 are trading below their IPO price, according to data compiled by Bloomberg.Ruhnn Holding Ltd., a Chinese company that promotes e-commerce through online influencers, fell 37% drop on its first day and ranks as the year’s worst IPO in the U.S. Ruhnn has fallen 70% since its $125 million IPO in April, also making it the worst performer of the 114 listings on U.S. exchanges this year, the data show.DouYu, LuckinOn average, listings for China-based companies are up 2.5% from their offer price, compared with 31% for all U.S. listings.DouYu International Holdings Ltd., whose $775 IPO is the largest by a China-based company this year, is down more than 12%. Luckin Coffee Inc., the second-biggest of the group with a $645 million listing, is up 47%.Wanda Sports, which has had partnerships with FIFA and the Chinese Basketball Association, owns sports properties and generates revenue from events, sponsorship and media pacts.Its offering was led by Morgan Stanley, Deutsche Bank AG and Citigroup Inc. The shares are trading on the Nasdaq Global Market under the symbol WSG.(Updates with closing share price in first paragraph)\--With assistance from Yueqi Yang.To contact the reporter on this story: Crystal Tse in Hong Kong at ctse44@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Michael Hytha, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Wanda Sports Hints at Chinese Firms’ Mixed Results in U.S. IPOs
    Bloomberg

    Wanda Sports Hints at Chinese Firms’ Mixed Results in U.S. IPOs

    (Bloomberg) -- Wanda Sports Group Co.’s diminished aspirations for its initial public offering may not suppress Chinese companies’ appetite for U.S. listings -- but the performance of many newly public stocks might at least give them pause.On Wednesday, the Beijing-based sports promoter, a unit of billionaire Wang Jianlin ’s conglomerate Dalian Wanda Group Co., downsized and cut the offer price for its IPO set for Thursday. Instead of raising $500 million by selling 33.3 million American depositary shares for $12 to $15 each, Wanda Sports is now shooting for 28 million shares at $9 to $11 to raise as much as $308 million.Wanda Sports will become the 17th China-based company to list in the U.S. this year, according to data compiled by Bloomberg. That compares with 35 U.S. IPOs by Chinese companies for all of 2018. This year’s listings have included household names such as DouYu International Holdings Ltd. and Luckin Coffee Inc.Despite U.S.-China trade tension and calls from lawmakers on increasing oversight on U.S. listed Chinese companies, cross-border IPOs remain strong. Assuming the second half of the year sees the same number of IPOs as in first half, 2019 will be the second-biggest year for U.S. listings by Chinese companies since 2010, just behind 2018.‘Discussion Point’While strained trade relations are a “discussion point in every conversation” with Chinese executives considering U.S. listings, they aren’t a limiting factor, said Nasdaq Inc. Senior Vice President Bob McCooey, head of the exchange’s Asia-Pacific listings business.“Our pipeline has never been stronger for companies looking to access the U.S. markets,” McCooey said in an interview. “The reality is we’re tracking well over 100 companies that could be public by end of 2020.”Listing venues that are closer to home are also competing for deals. This month, China launched a Nasdaq-style trading venue in Shanghai that aims to make it easier for high-tech companies to access funding.Relaxed RulesHong Kong, known for its protectiveness of mom-and-pop investors, has relaxed its rules by allowing companies to list with dual-class shares after rejecting the notion for years. Alibaba Group Holding Ltd., people familiar with the matter have said, has filed confidentially for a second listing in Hong Kong after choosing the New York Stock Exchange for its record $25 billion IPO in 2014.The performance of Chinese companies once public in the U.S. may be cause for caution though. Ten of the 16 companies that have gone public this year are trading below their IPO price, the data shows.Ruhnn Holding Ltd., a Chinese company that promotes e-commerce through online influencers, has fallen 70% since its $125 million IPO in April, making it the worst performer of the 149 U.S. listings this year.Slowing Economy“We are finding some weakness in sentiment over U.S.-China trade tensions and overall weakness in the China ADR stocks as a result of increased concern over a slowing economy in China,” said Brandi Piacente, president of The Piacente Group, which advises Chinese companies on listing in the U.S.Still, U.S. listings remain “the preferred method to access capital and build a long term future,” Piacente said.Of the 87 Chinese firms that have gone public in the U.S. since Jan. 1, 2016, only 23 are trading above their IPO price.The stocks are under-performing both domestic shares and the S&P 500. The S&P/BNY Mellon China ADR index has generated a return of 13.8% this year, compared to 19.8% for the S&P 500 and 17.8% offered by Shanghai Stock Exchange Composite Index.Faring BetterThe 181 Chinese companies that have listed domestically this year, including in Hong Kong, have fared better. Shares in those companies are up an average of 69%.The path of a U.S. listing sometimes has bumps in it.DouYu delayed its debut for two months, due to market jitters on trade in May. Semiconductor Manufacturing International Corp, a major Chinese chipmaker, delisted its American depository shares in June, citing low trading volume and the “significant administrative burden” in the U.S.Wanda Sports is set to price its shares Thursday and begin trading Friday. It is required under a covenant to use some of the IPO proceeds to repay an 11.5% loan related to the group’s restructuring, with the rest to fund investments and for general corporate use, it said in its filing.The offering is led by Morgan Stanley, Deutsche Bank AG and Citigroup Inc. Wanda Sports is expected to trade on the Nasdaq Global Market under the symbol WSG.\--With assistance from Drew Singer.To contact the reporters on this story: Yueqi Yang in New York at yyang492@bloomberg.net;Crystal Tse in Hong Kong at ctse44@bloomberg.net;Michael Hytha in San Francisco at mhytha@bloomberg.netTo contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Game Over for China’s U.S. Tech IPOs?
    Bloomberg

    Game Over for China’s U.S. Tech IPOs?

    (Bloomberg Opinion) -- DouYu International Holdings Ltd. may have just hit the limit of foreign investor enthusiasm for China's burgeoning competitive video-gaming business.The eSports live-streaming provider has slumped since listing on Nasdaq in a $775 million initial public offering that was completed on July 16. DouYu finished unchanged on its trading debut after late buying erased a loss of 4.3%. Since then, the bears have reigned, with the stock down 8.7% from its IPO price as of Friday’s close.The negative sentiment is out of step with recent U.S. listings of Chinese companies. Of the 16 stocks from the nation that started trading on American exchanges so far this year, the median first-day gain is 16.6%, compared with 2.3% for all of 2018. Of the total, 63% rose on their debut versus 68% last year. The data indicate the U.S.-China trade war has had little impact on investor appetite in the IPO market.There were early signs of trouble for DouYu. The company delayed its plans to list in the U.S. in May amid the trade tensions. After spotting some blue sky between the clouds, DouYu and its bankers made another attempt this month and were able to get the transaction done – but only by pricing the shares at the bottom of the range. Competitive video-gaming is hot in China, with all the ingredients for further growth. Promotion of the industry has become government policy, as my colleague Shuli Ren noted last week. In days of yore, the chance to be part of a booming new Chinese business would be catnip to most investors. So DouYu didn’t appear to be a tough sell.The limp response shows that investors are getting more discerning. Huya Inc., one of DouYu’s closest competitors, listed 15 months ago and climbed 34% on its first day. The stock almost tripled in the first month of trading.While the businesses of DouYu and Huya are similar, their financials aren’t. When Huya listed in May last year it had just turned an operating profit for the first quarter. The company posted an operating margin of 3.3% on revenue of 843 million yuan ($123 million).DouYu is almost twice as big as Huya was then, at 1.49 billion yuan in revenue for the first three months of 2018. But its operating margin was minus-3.3%, a sign that this business may not have economies of scale. While sales more than doubled from a year earlier and the operating loss margin narrowed drastically, it seems some investors weren’t willing to wait around for profits to appear.They may also have been burned by Huya. The 2018 first-quarter profit looks to have been a fluke, with subsequent periods barely achieving even half the operating margin of that pre-IPO level. The stock’s mammoth early gains have mostly been wiped out, though Huya still trades 81% above its offer price.Also likely weighing on sentiment for DouYu is the decision by one founder and one early investor to cash out in the IPO, instead of waiting for a lockup period to expire, as is often the case. Stock sold by Co-CEO Zhang Wenming and Aodong Investments, a fund owned by angel investor Cai Dongqing, amounted to about one-third of all shares offered in the IPO. This kind of signalling doesn’t inspire confidence when you’re trying to tell investors that your unprofitable business will soon be a moneymaker.China’s eSports industry isn’t just a fad. As U.S. investors are learning, though, all games have winners and losers. To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • DouYu Ends First Day at Its Offer Price in $775 Million IPO
    Bloomberg

    DouYu Ends First Day at Its Offer Price in $775 Million IPO

    (Bloomberg) -- Chinese video-game live-streaming platform DouYu International Holdings Ltd. ended flat in its trading debut after its $775 million U.S. initial public offering.Shares of the company, backed by Tencent Holdings Ltd., closed their first day of trading Wednesday at $11.50, the same price as when they were sold in its IPO on Tuesday.DouYu, which delayed its listing amid market jitters in May, sold 44.9 million American depository shares and its investors sold another 22.5 million. The shares, which which had been priced at the bottom of the marketed range, opened down 4.2% and never rose more than 0.4% on Wednesday.The offering, which valued DouYu at $3.73 billion, was the biggest cross-border listing from China since Tencent Music Entertainment Group raised $1.07 billion in its U.S. IPO in December.DouYu, one of China’s top two video-game live-streaming platforms, initially planned to start its IPO roadshow in May but postponed it following President Donald Trump’s threat to boost tariffs on China, people familiar with the matter said at the time. The Wuhan-based company had filed for its IPO on April 22, almost a year after its biggest competitor, Huya Inc., went public in the U.S.DouYu had net income of $2.7 million on revenue of $222 million in the first quarter, according to its filings with the U.S. Securities and Exchange Commission. That compared with a loss of about $23 million on revenue of $97 million during the same period last year.Existing investors that sold shares in the IPO included Aodong Investments and Co-Chief Executive Officer and co-founder Zhang Wenming, according to the company’s filings.Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp. and CMB International Capital Ltd. led the offering. The shares are trading on the Nasdaq Global Select Market under the symbol DOYU.(Updates with closing share price in second paragraph)\--With assistance from Crystal Tse.To contact the reporters on this story: Michael Hytha in San Francisco at mhytha@bloomberg.net;Yueqi Yang in New York at yyang492@bloomberg.netTo contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tencent-Backed DouYu Fizzles On First Day Of Trading
    Investor's Business Daily

    Tencent-Backed DouYu Fizzles On First Day Of Trading

    China-based DouYu International failed to excite investors with its initial public offering that priced at the low end of its range. The livestreaming service raised $775 million in the IPO.

  • Reuters

    UPDATE 1-Tencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range

    NEW YORK/HONG KONG, July 16 (Reuters) - DouYu International Holdings Ltd, China's largest live-streaming platform, on Tuesday said it sold $775 million in stock at a $3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range. DouYu, which is backed by Chinese social media and gaming giant Tencent Holdings Ltd, sold American depositary shares (ADS) at $11.5 each, compared with a previously stated target of $11.50 to $14.00, the firm said in a statement. The IPO was also a test of U.S. investor demand for Chinese stocks after Anheuser Busch InBev NV called off the Hong Kong listing of its Asia-Pacific brewing business due to weak orders from U.S. "long only" fund managers.

  • PR Newswire

    DouYu International Holdings Limited Announces Pricing of Initial Public Offering

    WUHAN, China , July 17, 2019 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China ...

  • Tencent-Backed DouYu Looking To Raise $859 Million With IPO
    Investor's Business Daily

    Tencent-Backed DouYu Looking To Raise $859 Million With IPO

    The DouYu IPO, a spinoff of China internet giant Tencent Holdings, is scheduled to price shares for its initial public offering late Tuesday and trade Wednesday, raising about $859 million.

  • Benzinga

    IPO Outlook For The Week: Biotechs, Financial Advisers, Medical Services And The Twitch Of China

    For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. Douyu International Holdings Ltd (DOYU) will issue nearly 67.4 million ...

  • Benzinga

    DouYu International IPO: What You Need To Know

    DouYu International (NASDAQ: DOYU ) has filed for offering 67.387 million American Depository Shares, representing 6.739 million ordinary shares in an IPO, to be priced between $11.50 and $14, according ...