Huya CEO Dong Rongjie announces resignation

According to news from the website on August 8, Dong Rongjie, the founder and CEO of Huya Company, officially announced his resignation through Moments yesterday (August 7), saying, "Today is my last day at Huya. I would like to thank those who have worked hard in the past 17 years." I would like to thank those who have given me guidance and help, and I would like to thank my colleagues and family who have supported me along the way."

Huya Company announced on Tuesday that the company's CEO Dong Rongjie resigned as the company's director and chief executive due to personal reasons. official position. At the same time, Huya’s board of directors approved that current Huya senior vice president Huang Junhong and vice president of finance Wu Xin will serve as acting co-CEOs, sharing the responsibilities of the company’s CEO until the board of directors appoints a permanent CEO. At the same time, the statement added that Huya’s board of directors plans to speed up the process of selecting a permanent CEO.

Huya originated from Huanju Group, and together with Douyu, became the two giants in the game live broadcast industry. In April 2020, Tencent became Huya's largest shareholder, with its voting rights reaching 50.1%, while Huya Group's shareholding ratio dropped to 43.0%

Huya and Douyu announced their merger in October 2020. Accept the merger invitation from Tencent's major shareholders and conduct a strategic merger. The new company will adopt a joint CEO system. Chen Shaojie of Douyu and Dong Rongjie of Huya will serve as co-CEOs. Chen Shaojie will also join the board of directors of the new company after the merger. Although after the merger, the products and brands of Douyu and Huya will still maintain relatively independent operations, the management will remain stable

According to an announcement issued by the State Administration for Market Regulation in July 2021, after antitrust review, the market The State Administration of Supervision decided to ban the merger of Huya and Douyu. The State Administration for Market Regulation believes that this merger may have the effect of excluding or restricting competition in the game live broadcast market and online game operation service market in China

As of March 31, 2023, Tencent owns 46.7% of the shares , and has 70.3% of the voting rights; Huanju Group holds 16% of the shares and has 24.1% of the voting rights; Dong Rongjie holds 0.5% of the shares, but has lost the voting rights

Dong Rongjie’s profile is attached to this site Experience:

Since joining YY in 2006, I was responsible for establishing the company’s game division in 2008 and served as the general manager of the YY game division, successfully doubling revenue for four consecutive years

Served as the executive vice president of Huanju Times. In 2013, he was responsible for game research and development and agency business. He actively developed client games, mobile games, web games and game live broadcast business, and promoted the rapid growth of Huanju Times in the gaming field.

In In 2015, I was responsible for leading the newly established interactive entertainment division of Huya Times, and launched the third independent strategic brand of Huya Times - "Huya Interactive Entertainment"

Huya Live was successfully listed on the New York Stock Exchange , dated May 11, 2018

Huya and Douyu announced a merger agreement on October 12, 2020. According to the agreement, Huya will acquire all issued shares of Douyu in a share exchange. . Subsequently, Douyu will become a wholly-owned subsidiary of Huya and delisted from Nasdaq. Dong Rongjie will serve as co-CEO of the merged company

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