In pre-market trading at last check, DouYu International Holding Limited (DOYU) shares fell -3.41% to $3.96. In Monday’s session, DOYU stock rose 1.74% to $4.10. Within the past 50 days, DOYU stock volume has remained at 3.24 million shares, lower than the average daily volume of 5.35 million shares. Within the past week, the DOYU stock price has climbed by 1.49%, after falling -69.54% over the past 12 months.

DOYU stock has lost -53.14% over the last three months, while it has lost -69.63% over the past six months. Additionally, DOYU has a current market capitalization of $1.32 billion and outstanding shares of 323.50 million. Since DOYU stock has fallen in absence of recent news, we can use recent events to provide a deeper understanding of DOYU.

Did things go well at DOYU recently?

DouYu, a game-centric live streaming platform with headquarters in Wuhan, China, has been pioneering the eSports value chain for more than a decade. Users can enjoy immersive and interactive gaming and live entertainment through DOYU’s mobile apps and PC platform. DOYU’s platform connects live streamers with a deep pool of content.

DOYU helps ensure a constant supply of quality content by providing an application development system that makes use of advanced technology infrastructure and capabilities. By collaborating with a variety of players across the eSports value chain, DOYU has access to a wide range of premium eSports content, which will further attract viewers and enhance the user experience.

Last month, DOYU announced that the State Administration for Market Regulation of the People’s Republic of China (SAMR) announced blocking the merger between HUYA Inc. (“Huya”) and DOYU. A recent antitrust review of the merger transaction preceded the SAMR decision.

In its statement at the time, DOYU said it fully respects and will abide by the SAMR Decision, will comply with all regulatory requirements, meet its social responsibilities, and conform to applicable laws and regulations. Huya, Tiger Company Ltd., a subsidiary of Huya, DouYu, and Tencent Investment Limited (“Tencent”), a subsidiary of Tencent Holdings Limited, have entered into a termination agreement following the SAMR decision.

Due to the termination agreement, the Merger Agreement, dated October 12, 2020, by and among the same parties (the “Merger Agreement”), as well as all schedules and exhibits thereto and all instruments and agreements contemplated therein, have been terminated with immediate effect.

How did DOYU stock handle it?

As a result of a termination agreement between DOYU and Tencent dated July 12, 2021, all ancillary agreements contemplated or entered into pursuant to the October 12, 2020 Reassignment Agreement and Schedules were immediately terminated with immediate effect. A leader in China’s eSports value chain, DouYu (DOYU) aspires to enrich quality live-streaming and video content, cultivate a highly engaged and vibrant gamer community and maintain leadership within the industry.