The boom in live streaming and e-sports markets have given rise to companies like Douyu, which is sitting at the intersection of the two emerging sectors. Douyu’s major rival Huya, which also has Tencent backing, had its initial public offering on New York Stock Exchange in May, raising $180 million. The stock was priced at $12 per share and it surged to around $36 a piece now.Douyu’s listing comes in the wake of an IPO crazy among Chinese tech unicorns. In the past a few months, we have witnessed IPO of top players in various verticals from smartphone maker Xiaomi to video streaming giants like iQiyi and Bilibili.