# Wuhan Betta Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wuhan-betta-network-technology-co

- Industry: Internet
- Headquarters: Wuhan, China
- Website: www.douyu.com
- Total disclosed funding: $1.1B
- Latest round: Series E (Mar 8, 2018)
- Investors on record: 6

## About

Founded in 2014 and based in Wuhan, China, Wuhan Betta Network Technology Co., Ltd., formerly known as Live Broadcasting, operates an online live-streaming and community platform for online gaming. It was listed on the IPO in 2019.

The company’s main business is operating a live-streaming platform. The company’s self-developed product is the Douyu livestreaming platform. Its products are used in the field of online entertainment and social interaction, providing a stage for gamers, variety show hosts, and other content creators to showcase their talents and interact with audiences.

The company generates revenue by providing live-streaming services, virtual gift sales, and advertising placements.

## Funding rounds

- Series E, Mar 8, 2018, $632M — Tencent Investment
- Series D, Nov 20, 2017, $151M — Nanshan Capital, CMB International Ltd
- Series C, Aug 15, 2016, $226M — Hong Shan, Tencent Investment, Nanshan Capital, Phoenix Capital Asset Management Group, Shenzhen Capital Real Estate Fund
- Series B, Mar 15, 2016, $100M — Hong Shan, Tencent Investment, Nanshan Capital
- Series A, Sep 1, 2014, $20M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C
- Tencent Investment — Series B, Series C, Series E
- Nanshan Capital (https://capitalatlas.ai/funds/nanshan-capital) — Series B, Series C, Series D
- Phoenix Capital Asset Management Group — Series C
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series C
- CMB International Ltd — Series D