Gaming-Streamer Douyu Completes D-Round Financing in First Half of 2017 Led by CMB International Capital
Tang Shihua
DATE:  Nov 20 2017
/ SOURCE:  Yicai
Gaming-Streamer Douyu Completes D-Round Financing in First Half of 2017 Led by CMB International Capital Gaming-Streamer Douyu Completes D-Round Financing in First Half of 2017 Led by CMB International Capital

(Yicai Global) Nov. 20 -- Douyu became the first domestic network broadcast platform in China to complete D-round financing led China Merchants Bank Co. [HK:3968; SHA:600036] subsidiary CMB International Capital Corp. and supported Nanshan Capital, during the first half of this year, BCC News Network reported.

The financing means that the live broadcast platform has received state-owned capital investment.

Douyu didn't specify the financing amount, but its market valuation has since exceeded CNY10 billion. Douyu is far ahead of other companies in the live-stream gaming industry both in terms of financing scale or market valuation.

The firms also revealed it was the first fully profitable company in the sector and was actively making investments.

Douyu has invested in 11 live broadcasting and game-related companies since the second half of 2016, with stakes ranging from 4.81 percent to 49 percent. The firm already completed more than CNY2.2 billion of financing.

Douyu is the largest live game-broadcast platform in China and internet giant Tencent Holdings Ltd. [HKG:0700] is a stakeholder. The firm nearly 30 million daily active users and 200 million monthly active users, accounting for over 70 percent of the niche market.

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Keywords:   MSCI,Douyu,Live-Broadcasting,TENCENT,Mobile Games