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
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.