Why DouYu Stock Was Up Earlier Today

·2 min read

Shares of DouYu International Holdings (NASDAQ: DOYU) were up 16% as of 11:21 a.m. ET on Monday after the company reported better-than-expected earnings results for the second quarter. The Chinese livestreaming platform provider posted a sequential increase in average mobile monthly active users and quarterly average paying users. DouYu has struggled over the past year as regulatory authorities in China intensified their scrutiny of the tech sector's influence on young people.