Tencent-backed Douyu named fastest-growing tech firm in Asia Pacific

The three-year-old company became a unicorn in June after investments from backers Tencent and Sequoia Capital pushed its valuation to over US$1 billion

Sarah Daiin Beijing
Guests use their mobile phones to take videos for live-streaming during a fashion show in Beijing. Nearly 400 million people in China regularly watch live broadcasts via mobile devices, according to iResearch. Photo: EPA

Tencent-backed live streaming game platform Douyu, which broadcasts everything from video games to cooking lessons, topped the list of the fastest growing technology companies in Asia Pacific, according to global accounting and consultancy firm Deloitte.

Wuhan Douyu Network Technology Co, operator of douyu.com, a website similar to Amazon’s Twitch, has seen its revenue surge 707.8 times over the past three years as live-streaming and mobile gaming continues to grow in the region, according to Deloitte. 

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.