Douyu

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 Company Drivers:

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