Chinese tech mogul not seen in weeks after official probe: reports
livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site.
DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Digital TransformationVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitDouYu is backed by Chinese tech giant Tencent and is US-listed with a market capitalisation of $268 million. A representative did not provide details when asked by AFP on Tuesday about Chen's whereabouts.
«DouYu's business operations remain normal,» they said.
The Chengdu-based Cover News also reported that Chen's colleagues were not aware of his whereabouts and were unable to get in contact with him.
There has been no official confirmation of Chen's detention but lengthy disappearances by senior executives in China are often followed by announcements they are under investigation.
Bao Fan, the billionaire chairman and executive director of investment bank China Renaissance, went missing this year and was later revealed to be «cooperating» in an official investigation.
Livestreaming is a multi-million dollar phenomenon in China, generating huge profits for e-commerce giants and popular influencers alike.
But Beijing has sought to crack down on perceived immoral content on the booming industry, launching probes into several
