The announcement was made by the State Administration for Market Regulation in an online statement on Saturday morning, after relevant stock markets had closed. Huya is listed on the New York Stock Exchange. DouYu is listed on NASDAQ. Tencent is listed in Hong Kong.
Chinese regulators have been operating a campaign to rein in the country’s tech giants which are seen as too large and too influential. They also appear to have gone cold on Chinese companies that have U.S. share listings. Dramatically, in the last few days, regulators have blocked new signups and app downloads for Didi Chuxing, the country’s largest ride hailing firm. The move came just days after it had successfully completed an IPO in New York.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
.