Why DouYu International Stock Fell 16.6% in December

Shares of DouYu International Holdings (NASDAQ: DOYU) fell 16.6% in December, according to data provided by S&P Global Market Intelligence, as the Chinese live-streaming gaming company came under scrutiny by regulators.

DouYu was on a yearlong tear in 2020 as rumors of a tie-up with rival game-streamer HUYA (NYSE: HUYA) swirled, and Chinese digital conglomerate Tencent Holdings (OTC: TCEHY) offered to mediate a merger of the two.

Image source: Getty Images.

Continue reading

Source Fool.com