Recently, the news circulating online that Douyu CEO Chen Shaojie has been out of touch for nearly three weeks has attracted widespread attention. On November 6th, insiders stated that this news is true. According to public information, Chen Shaojie was born in Jinan in 1984. In 2010, he bought Station A, the originator of the "anime website" in China, and set up Station A's "live broadcast" channel. Four years later, he separated the "Live Broadcasting" channel from Station A and renamed it "Douyu TV". Afterwards, Douyu gradually developed and grew, becoming a dark horse in the field of game live streaming. However, the glory of Douyu did not last long. With Tiktok, Kwai and Station B entering the field of game content, the business situation of Douyu has been greatly affected. According to the 2022 annual report, Douyu achieved a revenue of 7.108 billion yuan, a year-on-year decrease of 22.44%. For Douyu, how to overcome difficulties and regain its former glory in the future may really require a major transformation.