This article only represents the author's own views.
Once a big fish in China’s online game streaming sector, DouYu International Holdings Ltd. (DOYU.US) – whose Chinese name means “fighting fish” – is finding itself in increasingly uncomfortable waters these days.
Nearly all the numbers in the company’s latest quarter report look quite gloomy, reflecting a steady stream of bad news for a company that was once set to merge with larger rival Huya (HUYA.US) to form an undisputed leader in China’s hot market for streaming games. That merger collapsed in July as China’s “summer of regulation” was kicking into high gear and the market regulator declined to approve the deal first announced last fall.
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