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Bai recalled that it has been six years since the team visited foreign countries, including the United States, the United Kingdom and Israel, looking for potential cooperation. It was not until last year that the company decided to make globalization a key strategy.

Bai took on his role in the group by accident nearly 30 years ago.

Back then, she often worked till midnight every day to pay for her daughter's tuition.

Backed by Chinese social media and gaming titan Tencent Holdings Ltd, Douyu said it plans to use more than 60 percent of net proceeds from the offering to focus on offering premium esports content, expand the content genre, research and development of technologies, and work on big data analytics. The rest of the funds will be used to support marketing activities, working capital, and for potential acquisitions, investment and alliances.

Banks, internet giants, property developers eye growth from long-term leasing