Recently, there were rumors online that Chen Shaojie, the Chairman and CEO of the Douyu Board of Directors, has been out of touch for nearly three weeks. On November 6th, multiple insiders close to Douyu confirmed the truth of the news to 21st Century Economic Report reporters. As of the time of publication, the Douyu side did not publicly respond to this matter.
According to the Enterprise Inspection App, Wuhan Douyu Network Technology Co., Ltd., a Douyu affiliated company, was established in May 2015. The legal representative is Gao Jie, and the registered capital is approximately RMB 22.34 million. According to shareholder information, Chen Shaojie is the largest shareholder of the company, with a shareholding ratio of 50.2271%.
Since the beginning of this year, Douyu has been in a "troubled autumn".
On March 20th, Douyu released unaudited financial reports for the fourth quarter and full year of 2022. The company achieved revenue of 7.108 billion yuan in 2022, a year-on-year decrease of 22.44%, marking the second consecutive year of revenue decline. The company's annual loss was 75.42 million yuan, a year-on-year decrease of 87.04% compared to 2021.
Chen Shaojie stated at the time, "In 2022, the macro environment is complex and ever-changing. We adhere to the development strategy of 'a diversified content ecosystem platform centered on games', and maintain the stable operation of the company's overall business through various operational strategies such as optimizing revenue activities, adjusting copyright strategies, and increasing investment in self-made content
On May 8th, according to NetEase China, in response to serious ecological issues such as pornography and vulgarity on the Douyu platform, the National Internet Information Office guided the Hubei Provincial Internet Information Office to dispatch a working group to stationed on the Douyu platform for a month long centralized rectification supervision.
Three months later, Chen Shaojie attended the second quarter financial report analyst conference call, which was his latest appearance in the public eye. When commenting on performance, he stated that the company continues to be committed to its core strategy: creating a vibrant, game centric content ecosystem; Stable business development will enhance Douyu's competitive advantage and leading position in the domestic game content industry.
In terms of the market, on November 4th, the US stock of Douyu closed at $0.936, up 0.11%, with a total market value of $299 million.