According to news from this site on November 21, Douyu announced that the company’s CEO, Mr. Chen Shaojie, was arrested by Chengdu police around November 16, 2023. The company has not received any formal notification of the investigation into Mr. Chen or the reasons for Mr. Chen’s apparent arrest.
Douyu stated that Mr. Chen’s prolonged detention and any subsequent legal proceedings and enforcement actions against relevant parties may have a serious adverse impact on the company’s reputation, business and operating results
Douyu's pre-market decline expanded to 10%. It can be rewritten as: Douyu’s stock price fell 10% in pre-market trading
This site noticed that as the CEO of a listed company, the last time Chen Shaojie appeared in the public eye was when he attended the company’s second quarter financial report in August Analyze the call. Public information shows that Chen Shaojie was born in Jinan in 1984. In 2010, he bought Station A, the “originator of two-dimensional websites” in China, and established the “Shengbang Broadcasting” channel of Station A. Four years later, he separated the “Shengbang Broadcasting” channel from Station A and changed its name to “Douyu TV”.
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