DouYu is a Chinese video live streaming service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019,[1] more than the 140 million monthly active users of Twitch.[2] In July 2019, DouYu International Holdings Ltd raised $21 million through U.S. initial public offering (IPO) and listed itself on the Nasdaq with the stock symbol DOYU.[3] It was the largest IPO of any Chinese company on Wall Street in 2019.[2]
In 2018, Douyu made $21 million in advertisement revenues.[4] Tencent owned about 21% of the shares as of 2020.[5]