Quick Take
DouYu (DOYU) went public in July 2019, selling U.S. investors its ADSs at a price of $11.50 each. The firm operates a game-focused live streaming entertainment service for Chinese users.
DOYU looks well-positioned to benefit from the gradual reopening of China’s economy after the COVID-19 pandemic recedes but consumers remain wary of public events.
I’m bullish on the stock up to $11.50 per share.
Company and Market
Wuhan, China-based DouYu was founded in 2013 to develop and operate a game-centric live streaming platform in the country. Management is headed by founder,