According to the "Science and Technology Innovation Board Daily"
Chen Shaojie, founder and CEO of Douyu, has been released on bail pending trial
Some legal experts have extrapolated based on the circumstances of his case
Chen Shaojie's specific sentence may be between 5 and 7 years
Chen Shaojie Source: "Douyu Live Platform" WeChat public account
A well-known anchor of Douyu who has been off the air for more than a month
"Xiao Tuan Tuan" confirmed his arrest
A person familiar with the matter told reporters
"Xiao Tuan Tuan" is also suspected of large gambling
and related to the Chen Shaojie case
A "post-80s" billionaire who founded a live broadcast giant
Arrested on suspicion of opening a casino
On November 21 last year, Douyu announced that the company's CEO Chen Shaojie was arrested by Chengdu police around November 16, 2023. Douyu said Chen's continued detention and any subsequent related legal proceedings and enforcement actions against the parties involved could have a material adverse impact on the company's reputation, business and results of operations.
Image source: National Business Daily
On November 22, 2023, the Chengdu Dujiangyan Public Security Bureau issued a police notice: After investigation, our bureau found that Chen Moujie (male, 39 years old) was suspected of opening a casino. At present, Chen Moujie has been arrested in accordance with the law. Further investigation is ongoing.
Mr. Chen's last public appearance before his arrest was during a conference call after Douyu's second-quarter earnings report on Aug. 14 last year. At that time, he said that he would continue to build a healthy and sustainable game community ecology of Douyu, attach importance to the operation of core users, implement the development strategy of "a diversified content ecological platform with games as the core", and devote himself to the production of high-quality content and the innovation of product models.
A number of top anchors stopped broadcasting and changed jobs
Revenue continued to decline, and market value shrank
The arrest of the company's helmsman involved in the case has brought a lot of aftermath to Douyu. The turmoil and loss of top anchors are particularly significant here.
After Chen Shaojie was arrested, a large number of Douyu's head anchors suspended the live broadcast, and then only some anchors announced the resumption of broadcasting. At that time, it was rumored in the industry that it was related to Chen Shaojie, and the reason was mostly involved in gambling and money laundering.
According to the "Science and Technology Innovation Board Daily", in March this year, the well-known anchor "Xiao Tuantuan", who had been off the air for more than a month, was confirmed to be arrested. A person familiar with the matter told reporters that "Xiao Tuan Tuan" was also suspected of large-scale gambling and was related to Chen Shaojie's case.
On January 27, "Xiao Tuan Tuan" posted a dynamic announcement at Douyu Fish Bar to stop broadcasting, and there has been no news since then, and her Weibo update is stuck on December 2, 2023.
It is understood that the "small group" Douyu has 26 million fans and 37 million Douyin fans. In the May 2019 betta gift income list, "Xiao Tuantuan" got a gift income of 5.39 million yuan, which was second only to the "first brother" Xu Xu baby on the list at that time, surpassing PDD. With more than 10 million users, it is one of the most popular navigation voice packs.
And Douyu "Hearthstone First Brother", the well-known anchor "Dog Thief" was also rumored to be involved in the case and arrested, and the live broadcast room has been suspended since November last year.
After Chen Shaoming's incident, the head anchors of Douyu are like "the tree is falling and scattered", Zhang Daxian, Xu Xu Baobao, etc. are now on Douyin, while PDD, Da Sima, etc. are still on the air.
Sources: Red Star News, Daily Economic News, Science and Technology Innovation Board Daily, Finance Associated Press, Every Economic Network, Interface News, Public Information, etc