Douyu CEO Arrested in China on Suspicion of Opening Casino

Chen Shaojie's arrest could significantly impact the video game streaming platform's operations and reputation, amidst China's crackdown on online gambling.

• Douyu CEO Chen Shaojie has been arrested by police in Chengdu, China, on suspicion of opening a casino.
• Douyu, a video game live-streaming platform backed by Tencent, confirmed Chen's arrest after weeks of speculation about his disappearance.
• Chen's arrest could have a 'material adverse impact' on Douyu's reputation and operations, according to a company statement.
• Chinese authorities have been cracking down on online gambling, which is illegal in the country.
• Douyu has previously been under scrutiny by China's Cyberspace Administration for alleged pornographic and vulgar content.

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