DouYu
斗鱼
DouYu is a Chinese live-streaming platform that was among the star portfolio companies of investor Xi Cao during his time at Sequoia China. Cao, who joined Sequoia in 2013 and became its youngest partner, led or co-led investments in DouYu alongside other notable deals such as Kuaishou's IPO and chip designer Muxi Semiconductor . In a 2025 exhibition marking three years of 暗涌Waves, Cao highlighted DouYu's public listing as one of the defining milestones of his venture career, alongside the establishment of Sequoia Seed .
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Coverage
No matter how the world changes, *Dark Tide* turns three.
Before the sun rises, Anyong will keep searching for answers alongside all of you.
暗涌Waves·Entrepreneurship is a climb where the journey itself is the reward.
The journey is the reward.
Monolith砺思资本·Xi Cao of Lisi Capital and His Eleven Luo Han --- Wait — let me reconsider. "十一罗汉" is almost certainly a reference to *Ocean's Eleven* (the film), used here as a playful nickname for his team. Let me adjust: Xi Cao of Lisi Capital and His Ocean's Eleven
Starting a business is like climbing a mountain — the meaning lies in the climb itself.
暗涌Waves·
