CEO of Chinese live streaming platform arrested for suspicion of running illegal gambling establishment

The CEO of DouYu, a well-known Chinese live streaming platform, has been taken into custody by Chengdu police on suspicion of operating an illegal gambling establishment. The 39-year-old CEO, surnamed Chen, has been out of contact for nearly three weeks, leading to speculation about the reason for his arrest. DouYu has not been formally notified about the investigation or the specific reasons for Chen's apparent arrest. The company expressed concerns that the ongoing detention and any subsequent legal proceedings might have a significant negative impact on its reputation, business, and financial performance. Rumors suggest a potential link between this incident and a live streamer who is alleged to have been involved in gambling activities on the platform.

The chief executive officer of DouYu, a widely popular Chinese live streaming platform, has been apprehended by the Chengdu police for suspected involvement in an illegal gambling operation. The 39-year-old CEO, surnamed Chen, had not been in contact for almost three weeks prior to his arrest, resulting in speculation about the rationale behind his detainment. The company, DouYu, has not been officially informed about the investigation or the specific grounds for Chen's apparent arrest. DouYu has voiced apprehension about the potential significant adverse impact of the CEO's continued detention and any subsequent legal actions on its reputation, business, and financial performance. Speculations have emerged suggesting a possible connection between this incident and allegations of a live streamer participating in gambling activities on the platform.