Tencent owns more than 40% of the China-based live game streaming platform, which has chosen New York for its initial public offering.
Douyu, a China-based livestreaming platform developer backed by internet group Tencent, filed to raise up to $500m in an initial public offering in the US yesterday.
Founded in 2014, Douyu runs an online platform with approximately 153 million monthly active users that focuses on the live streaming of online games and eSports events. It almost doubled revenue to more than $531m in 2018, though its net loss rose 43% to $126m.
The company intends to put the IPO proceeds…
