We haven’t written about DouYu before, because the Chinese livestreaming video platform is focused on games rather than music.
The numbers are startling though: according to its latest financial results, DouYu averaged 165.3 million monthly active users in the second quarter of this year, including 58.4 million people on mobile devices.
Meanwhile, DouYu generated RMB 2.51bn ($354.4m) in revenues in Q2, up by 33.9% year-on-year. Of those revenues, only RMB 188.3m ($26.6m) came from advertising, while RMB 2.32bn ($327.8m) came from various ways that users/viewers pay.
Alongside the financial results, there was some big news: Tencent is proposing a merger of DouYa with its own game livestreaming platform Huya, although DouYa said it has not yet had time to properly evaluate the proposal.