Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on August 8, Dong Rongjie, founder and CEO of Huya Company, announced through his moments today (August 7) that he had officially resigned. "Today is the last day in Huya. In 2006-23, from yy to Huya, I am grateful to the people who have helped me with guidance for 17 years, and to my colleagues and family members who have supported me along the way."

Dong Rongjie, the company's chief executive, resigned as a director and CEO of the company for personal reasons, the company said in an announcement on Tuesday. At the same time, the board of directors of HUYA approved that Huang Junhong, the current senior vice president of HUYA, and Wu Xin, vice president of finance, will act as acting co-CEO and share the responsibility of CEO of the company until the board of directors appoints a permanent CEO. At the same time, the statement added that Huya's board planned to speed up the process of selecting permanent CEO.

Tiger teeth hatched from Huan Ju Group, and Douyu were listed as two giants in the game live broadcast industry at that time. In April 2020, Tencent became HUYA's largest shareholder, raising its voting rights to 50.1%. The shareholding of Huanju Group fell to 43.0%.

In October 2020, Huya and Douyu announced their merger and formally accepted the merger offer put forward by major shareholder Tencent to carry out strategic merger. After the merger, the new company adopts a joint CEO system. Douyu CEO Chen Shaojie and HUYA CEO Dong Rongjie jointly serve as joint CEO, and Chen Shaojie joins the board of directors of the merged new company. Douyu and Huya's products and brands will remain relatively independent and the management will remain stable.

In July 2021, the General Administration of Market Supervision issued a notice on the decision to ban the antitrust review of the merger of Huya and Douyu, saying that after the review, the General Administration of Market Supervision decided to ban the concentration of such operators. The General Administration of Market Supervision believes that this focus has or may have the effect of excluding or restricting competition in China's domestic game live broadcast market and online game operation service market.

As of March 31, 2023, Tencent held 46.7% of the shares, with 70.3% of the voting rights; Huan Ju Group held 16% of the shares, with 24.1% of the voting rights; and Dong Rongjie held 0.5% of the shares and no longer had the right to vote.

CTOnews.com attached Dong Rongjie's character experience: in 2006, join the happy gathering era. In 2008, he was responsible for the establishment of the company's game division and served as the general manager of the YY game division, creating a performance of doubling income for four consecutive years.

In 2013, he was appointed Executive Vice President of Huanju Times, responsible for managing game R & D and agency business, and deeply developing PC games, mobile games, page games and game live streaming business, so as to make Huanju era develop rapidly in the game field.

In 2015, he was responsible for the newly established Interactive Entertainment Division of Huanju Times. The leader released the third independent strategic brand "Happy gathering and Mutual Entertainment" in the era of gathering together.

In 2018, he led Huya TV to be successfully listed on the New York Stock Exchange on May 11, 2018.

On October 12, 2020, Huya and Douyu jointly announced that the two sides had signed a "merger agreement and plan". According to the merger agreement, Tiger will acquire all issued shares of Douyu through a stock-for-stock merger. Tiger will become a privately owned subsidiary of Tiger and will be delisted from NASDAQ. Dong Rongjie will become the joint CEO of the merged company.

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