Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6501
    +0.0001 (+0.01%)
     

  • OIL

    82.73
    -0.08 (-0.10%)
     

  • GOLD

    2,330.00
    -8.40 (-0.36%)
     

  • Bitcoin AUD

    99,328.17
    -2,995.27 (-2.93%)
     

  • CMC Crypto 200

    1,389.93
    -34.17 (-2.40%)
     

  • AUD/EUR

    0.6073
    +0.0003 (+0.05%)
     

  • AUD/NZD

    1.0945
    +0.0003 (+0.03%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    37,936.07
    -524.01 (-1.36%)
     

Why DouYu International Stock Fell 16.6% in December

Rich Duprey, The Motley Fool
·2-min read
Why DouYu International Stock Fell 16.6% in December

Shares of DouYu International Holdings (NASDAQ: DOYU) fell 16.6% in December, according to data provided by S&P Global Market Intelligence, as the Chinese live-streaming gaming company came under scrutiny by regulators. DouYu was on a yearlong tear in 2020 as rumors of a tie-up with rival game-streamer HUYA (NYSE: HUYA) swirled, and Chinese digital conglomerate Tencent Holdings (OTC: TCEHY) offered to mediate a merger of the two. Tencent is a majority owner of HUYA and has a significant stake in DouYu as well.

Continue reading