Douyu CEO Arrested for Alleged Crime of Operating a Gambling House

Chengdu Public Security Bureau released an announcement on November 22, stating that Chen (male, 39 years old) is suspected of running a gambling establishment. Currently, Chen has been arrested in accordance with the law. The case is under further investigation. 

Previously on November 21, Douyu announced that its CEO and Chairman of the Board of Directors, Chen Shaojie, was arrested by Chengdu police around November 16th, 2023. The continued detention of Chen Shaojie and any subsequent legal proceedings and enforcement actions against related parties may have significant adverse effects on the company’s reputation, business operations, and financial performance.