Nov 22, 2023 05:16 AM

BUSINESS

Boss of Game Livestreamer DouYu Detained by Police

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Chen Shaojie

Chen Shaojie

What’s new: Chinese game livestreaming platform DouYu International Holdings plunged as much as 10% Tuesday morning after the company disclosed the detention of its chairman.

Chen Shaojie, who founded DouYu in 2014 and also serves as the company’s CEO, was detained by police in the southwestern city of Chengdu on Nov. 16, Nasdaq-listed DouYu said in a Tuesday filing. Chen has been out of public sight since early November, raising uncertainty about his whereabouts.

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