Tencent will have to wait a little longer to exit livestreaming platform Douyu, which has decided to delay its initial public offering due to American tariffs on Chinese goods.
Douyu, a China-based video game livestreaming platform operator backed by internet group Tencent, has put its initial public offering in the US on hold, people familiar with the matter told Bloomberg yesterday.
The decision followed market jitters caused by President Donald Trump threatening to impose further tariffs on Chinese imports to the US. Douyu had initially planned to launch its roadshow yesterday with a target of $500m in proceeds, but will now wait until at least next week.
The…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
