Chinese live-streaming company DouYu is delaying its US IPO by at least a week, according to reports.
Sources told Bloomberg on Monday that the release is to be set back by at least one week. DouYu's decision comes after threats made by Donald Trump to implement new tariffs on Chinese goods in the US.
The IPO was announced at the end of last month and is set to be worth up to $500m. DouYu is the second Chinese live-streaming start-up to file a US IPO, following direct competitor Huya. Both companies have large investments from Tencent.
Last year, Chinese companies made up 17 per cent of all US IPOs. According to research, the amount of public companies listed in the country has halved in the last 20 years. Trump's threat to increase current tariffs could damage the growth of Chinese companies in the US.
The story was originally published on InfluencerUpdate.biz.