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Chinese streaming platform DouYu halts US IPO

Chinese streaming platform DouYu halts US IPO

Chinese live-streaming company DouYu is delaying its US IPO by at least a week, according to reports.

Sources told Bloomberg on Monday that the release is to be set back by at least one week.

DouYu's decision comes after threats made by Donald Trump to implement new tariffs on Chinese goods in the US. 

The IPO was announced at the end of last month and is set to be worth up to $500m. DouYu is the second Chinese live streaming startup to file a US IPO, following direct competitor Huya. 

Last year, Chinese companies made up 17 per cent of all US IPOs. According to research, the amount of public companies listed in the country has halved in the last 20 years. Trump's threat to increase current tariffs could damage the growth of Chinese companies in the US.


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Influencer Editor

Danielle Partis is Editor of InfluencerUpdate.biz. She was previously the lead content creator for TeamRock Games, as well as contributing to outlets such as Metal Hammer, both online and in-print. Prior to that, Danielle worked as a freelance PR consultant and freelance journalist for a number of outlets.

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