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Current Share Price: 1.000 
Grizzly Research LLC
Initial Report Date(2021/01/14)Share Price:12.410  
DOYU – Massive Risk with Suspected Online Gambling Business and Industry-Wide Reform
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• We believe DOYU has been involved with illegal online gambling on their platform. Our research indicates that not only is DOYU hosting these illegal activities, but they are actively encouraging their users to gamble on their platform to boost revenue • Recent policy announcements indicate a more stringent regulatory environment that is cracking down on online gambling, order brushing and faking operat-ing numbers. We believe the full scale of the policy reform will be massive • MOMO, another online streaming platform based in China, recently presented terrible financial performance in light of “structural reform”. We believe this is an indicator of what is to come to DOYU
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