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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.