Douyu TV: From ACFUN Live Broadcast To The Rise Of A Liv

30 years old.

Douyu TV is a bullet screen live broadcast sharing website that provides users with video live broadcast and event live broadcast services. Douyu TV's predecessor, ACFUN Live Broadcast, was officially renamed Douyu TV on January 1, 2014. Douyu TV focuses on game live broadcasts, covering a variety of live broadcast content such as entertainment, variety shows, sports, and outdoor activities.

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On March 15, 2016, Douyu TV announced that it had received over 100 million USD in Series B financing led by Tencent. Meanwhile, Series A investors Sequoia Capital and Nanshan Capital will continue to invest. On August 15, Douyu Live completed a Series C financing of RMB 1.5 billion, led by Phoenix Capital and Tencent. In 2016, Douyu’s cumulative financing amount exceeded RMB 2 billion. In 2017, Douyu became the first online live broadcast platform in China to enter the Series D round.

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In January 2018, Douyu TV won the "Most Promising Startup of the Year Award" in the 2017 Technology Billboard. In March 2018, Douyu TV received a new round of financing of US$630 million, with Tencent as the sole investor. In July 2018, Douyu, a Chinese online live broadcast platform, planned to go public in the United States to raise US$600-700 million. On August 8, 2018, Douyu won the Golden Luck Award for New Operation Power.

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On April 22, 2019, Douyu Live officially submitted its prospectus to the U.S. Securities and Exchange Commission, launching its U.S. listing. On the morning of July 17, Eastern Time (evening of July 17, Beijing Time), Douyu Live was officially listed on the Nasdaq Stock Exchange with the stock code "DOYU".

In June 2020, Douyu was named by CCTV for promoting online games to students through free online classes.


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