NASDAQ: DOYU

DouYu International Holdings Limited

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of DouYu International Holdings Limited (NASDAQ: DOYU) resulting from allegations that DouYu may have issued materially misleading business information to the investing public.

If you purchased DouYu securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased DouYu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On May 9, 2023, DouYu announced in a press release that, “Hubei provincial branch of the Cyberspace Administration of China (the “CAC”) has sent an inspection team to the Company due to certain alleged violations of content rules and regulations on its platform. The CAC team is expected to conduct a one-month on-site inspection of the Company’s content platform, which DouYu will fully cooperate with. DouYu is also concurrently conducting a comprehensive internal review of its content monitoring system. As a platform committed to regulatory compliance and the safety of its user community, DouYu plans to implement all necessary remedial measures based on the CAC inspection and its own internal review.”

On this news, DouYu’s stock price fell 1.84%%, in intraday trading on May 9, 2023.

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Company Name: DouYu International Holdings Limited
Stock Symbol: DOYU
Class Period: N/A
Court: N/A
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