Tencent to consolidate China's Twitch-like services Douyu and Huya: sources [Reuters]
DouYu International Holdings Limited - American Depositary Shares (DOYU)
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am
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Source: Reuters
Tencent to consolidate China's Twitch-like services Douyu and Huya: sources HONG KONG (Reuters) - China’s biggest video game and social media company Tencent Holdings ( 0700.HK ) is driving a merger of Twitch-like game streaming platforms Douyu ( DY8Ay.F ) and Huya ( HUYA.N ), as it seeks to consolidate its dominance in the industry. Tencent, which is already Huya’s biggest shareholder and also owns over a third of Douyu, has been pushing the deal for months, four sources familiar with the situation told Reuters. Tencent seeks to control or at least become the biggest shareholder of the merged entity, the sources added. Huya and Douyu are ranked No. 1 and No. 2, respectively, as China’s most popular video game streaming sites, where users flock to watch esports tournaments and follow professional gamers. Tencent is gradually pushing to consolidate some businesses between Huya and DouYu, one source said. Both Huya and DouYu are listed in the United States, with a combined market
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DOYU
News
- Bearish: Analysts Just Cut Their DouYu International Holdings Limited (NASDAQ:DOYU) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- MNY, DOYU among major communication services gainers; AMC, AREN among losers Apr. 01, 2024 3:03 PM ET By: Tiyashi Datta , SA News Editor [Seeking Alpha]Seeking Alpha
- DouYu International Holdings Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- DouYu International Holdings Limited (NASDAQ:DOYU) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- DouYu International Holdings Limited Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
DOYU
Earnings
- 3/26/24 - Miss
DOYU
Sec Filings
- 3/26/24 - Form 6-K
- 3/15/24 - Form F-6
- 3/15/24 - Form 6-K
- DOYU's page on the SEC website