eSports

Douyu prepares US IPO in the face of industry headwinds

The Chinese video game streaming site filed its listing application shortly after Beijing resumed review of new game applications and will need to show how it plans to monetise the business.

Douyu is set to join the list of Chinese companies looking to float their shares in the US this year after the video-streaming platform filed a later-than-expected initial public offering that aims to raise up to $500 million. 

As  one of China’s most popular live-streaming platforms for video games, Douyu has disclosed its IPO filings shortly after China’s State Administration of Radio, Film and Television started accepting new game applications on Monday, putting an end to a prolonged suspension since September last year.

The suspension on game applications could potentially cause delays to new game launches.

Any delay could impact Douyu’s...

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