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NEW YORK, NY / ACCESSWIRE / May 18, 2021 / DouYu International Holdings Ltd - ADR (NASDAQ:DOYU) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 18, 2021 at 8:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the first quarter ended March 31, 2021.
DouYu International Holdings Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 23, 2021
DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2020 before the U.S. market opens on Tuesday, March 23, 2021. The earnings release will be available on the Company's investor relations website at http://ir.douyu.com/.
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.
(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 st...
(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 c...
Huya (NYSE: HUYA) and rival DouYu International (NASDAQ: DOYU) dominate Chinese live-streaming, owning 80% of the game steaming market between them. No one will fare better than Tencent (OTC: TCEHY), as it owns a stake in both companies and will have a 67.5% voting interest in the new company after joining in the union. The merged successor company of Huya and DouYu would have over 300 million monthly active users. It also fined China Literature, a Tencent spinoff, for not reporting its 2018 acquisition of New Classics Media, a TV production unit.
Chinese regulators said on Monday that they would probe the proposed merger of game live-streaming companies DouYu and Huya, in relation to the deal’s possible violation of monopoly laws. The same day, it emerged that Alibaba had been fined for not properly reporting an increased share stake in retail chain Intime, and fined the Tencent-backed […]
China's market regulators have initiated an investigation into the merger of Tencent Holdings ADR (OTC: TCEHY)-backed live streaming platform Douyu International Holdings Ltd (NASDAQ: DOYU) and video game publisher and live streamer Huya Inc ADR (NYSE: HUYA), Reuters reports.What Happened: The Huya-Douyu merger deal announced in October, an all-stock deal, was initiated after Tencent had pushed both companies into re-organization. The deal also received written consent from Joyy Inc (NASDAQ: YY), one of Huya's shareholders with a significant stake.For each ADS held in Douyu, Huya agreed to pay 0.730 ADS (equal to 1 Huya Class A stock) in consideration.The details about the latest investigation are still unclear. Why Does It Matter: Off-late, the Chinese authorities are probing into the ...