Date of Update: 12/28/2019


Ticker: DOYU

Theme: Media

Country: China

Sector: Interactive Home Entertainment

This is not a recommendation to buy or sell securities.


Company Description:

Douyu is a leading game-centric livestreaming platform in China, operated on both PC and mobile. Douyu's platform, which is focused on content creators and streamers, allows users to watch immersive and interactive livestreaming. Douyu also organizes its own tournaments and produces exclusive esports content.

3 Company Facts:

  • Douyu is the largest game-centric livestreaming platform in China, as measured by monthly active users.1
  • In 2018, Douyu purchased Nonolive, a mobile livestreaming platfom focused on Southeast Asia.
  • Douyu has exclusive streaming rights to 29 major esports tournaments in China, including League of Legends, PUBG, and Dota 2.

3 Industry Facts:

  • In China, the average revenue per paying user for the game-centric livestreaming market is growing at a 9.7% annual growth rate.2
  • The number of streamers on China's game-centric livestreaming platforms grew from 6 million in 2015 to 18 million in 2018, representing a CAGR of 47.6%, and is expected to grow to 28 million by 2023.3
  • Chinese game-centric livestreaming platforms derive a large majortiy of revenues from "virtual gifting".

Related Companies: Huya, AfreecaTV, Bilibili, Tencent

3 Key Metrics:

  • Monthly Active Users (MAUs)
  • Average Revenue per User (ARPU)
  • Total number of paying users

Notable Brands:

Douyu logo, livestreaming platform
Nonolive logo
Nonolive, mobile livestreaming platform
Douyu Super League logo
Douyu Super League, esports league
Douyu Golden Grand logo
Douyu Golden Grand, esports tournament


  • 1 Douyu F-1
  • 2 Douyu F-1
  • 3 Douyu F-1