NEW YORK -- Douyu, the gaming-focused streaming platform backed by internet giant Tencent Holdings, had a lackluster debut on the Nasdaq Wednesday after a $775 million IPO -- the largest by a Chinese company in the U.S. this year.
Startups
Tencent-backed streamer Douyu stumbles in Wall Street debut
Biggest Chinese IPO in the US this year off to a slow start
Tencent-backed Douyu stumbled on its first day of trading on the Nasdaq before climbing back up to its initial public offering price. (Photo courtesy of Nasdaq)
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