Difference between revisions of "Douyu"
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==Ethic Concerns And Disputes== | ==Ethic Concerns And Disputes== | ||
===Potential Gambling Concerns=== | ===Potential Gambling Concerns=== | ||
| − | In Jan 18, 2021, a report by fund manager and investment research firm Grizzly raised the warning that Douyu has benefitted by allowing and encouraging users to engage in online lottery operations, which is illegal under the regulation of mainland China. According to Grizzly, Douyu is involved with illegal online gambling on its platform, and it has been one of their sources of revenues<ref name="gambling">https://variety.com/2021/biz/asia/illegal-activity-alleged-at-douyu-chinese-live-streamer-1234887338/</ref>. One typical lottery activity is called "lucky treasure", in which | + | In Jan 18, 2021, a report by fund manager and investment research firm Grizzly raised the warning that Douyu has benefitted by allowing and encouraging users to engage in online lottery operations, which is illegal under the regulation of mainland China. According to Grizzly, Douyu is involved with illegal online gambling on its platform, and it has been one of their sources of revenues<ref name="gambling">https://variety.com/2021/biz/asia/illegal-activity-alleged-at-douyu-chinese-live-streamer-1234887338/</ref>. One typical lottery activity is called "lucky treasure", in which users are encouraged to top up money in exchange for awards. The highest award can be over 50,000 "Shark fins"(鱼翅)(a kind of token in Douyu). The tokens are mutually interchangeable to fiat currency. |
| + | ===Vulgar Contents=== | ||
Revision as of 02:05, 31 January 2023
Douyu(斗鱼) (Nasdaq: DOYU) is a Chinese website services which provides gaming, e-sports, and outdoor streaming contents[1]. Reported in March 31, 2019, there are 6.5 million registered streamers, 280.9 million registered users, 159.2 million monthly active users[2]. Douyu is the first Chinese streaming website which enters Series D funding[3]. In July 17, 2019, it announced its initial public offering of 67,287,110 American Depositary Shares (ADS) at US$11.5 per ADS. The ADSs begun trading Nasdaq Global Select Market with Nasdaq symbol "DOYU". Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc, and CMB International Capital Limited were the book runners of this public offering[4].
Ethic Concerns And Disputes
Potential Gambling Concerns
In Jan 18, 2021, a report by fund manager and investment research firm Grizzly raised the warning that Douyu has benefitted by allowing and encouraging users to engage in online lottery operations, which is illegal under the regulation of mainland China. According to Grizzly, Douyu is involved with illegal online gambling on its platform, and it has been one of their sources of revenues[5]. One typical lottery activity is called "lucky treasure", in which users are encouraged to top up money in exchange for awards. The highest award can be over 50,000 "Shark fins"(鱼翅)(a kind of token in Douyu). The tokens are mutually interchangeable to fiat currency.
Vulgar Contents
- ↑ edit later.https://www.douyu.com/cms/about/about_us.html
- ↑ https://www.benzinga.com/news/19/07/14062382/douyu-international-ipo-what-you-need-to-know
- ↑ https://tech.qq.com/a/20180109/016479.htm
- ↑ https://ir.douyu.com/2019-07-16-DouYu-International-Holdings-Limited-Announces-Pricing-of-Initial-Public-Offering
- ↑ https://variety.com/2021/biz/asia/illegal-activity-alleged-at-douyu-chinese-live-streamer-1234887338/
