Stock Track | DouYu Soars 27.75% in Pre-market on New Co-CEO Appointment and Special Dividend Announcement

Stock Track

01-16

DouYu International Holdings Ltd (NASDAQ: DOYU), a leading live streaming platform in China, witnessed a significant pre-market surge of 27.75% on Thursday, January 16th.

The rally came after the company announced the appointment of Simin Ren as its new co-CEO, alongside declaring a special dividend of $9.94 per American Depositary Share (ADS). Investors reacted positively to these strategic moves, with DouYu's shares climbing to $14.00 in the pre-market trading session.

The appointment of a new co-CEO and the substantial special dividend payment signaled DouYu's commitment to strengthening its leadership and rewarding shareholders. As the live streaming market in China continues to grow, DouYu's proactive measures are expected to bolster its competitive position and drive further growth.

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