The chairman and CEO of Chinese video game live-streaming platform DouYu has
been arrested, becoming the latest business leader to run afoul of authorities
in the world’s second largest economy. DouYu (DOYU) said in a regulatory filing
Tuesday that its chief, Chen Shaojie, had been arrested by police in the
southwestern city of Chengdu on or around November 16. The company said it had
only been informed of the arrest on Monday 20. It “has not received any official
notice of the investigation against Mr. Chen or the reasons for Mr. Chen’s
apparent arrest,” it added, warning that his “ongoing detention and any
subsequent related legal proceedings and enforcement actions” could have a
material impact on its business.
I’ve heard you can do no business in China without being involved in some corruption… to be punished for, the moment you don’t obey the CCP.