Tag: Huya

Huya Live Sets Company Record After 20% YoY Growth
Gaming

Huya Live Sets Company Record After 20% YoY Growth

Huya Live is one of China’s largest live-streaming platforms with the absence of foreign tech companies prohibiting companies like Twitch to operate in the country. According to data presented by Safe Betting Sites, Huya Live generated its largest-ever quarterly net revenue in Q2 2021 – $458.8M. Huya Generated Company Record Quarterly Net Revenue In Q2 2021 – More Than $450M The ban on foreign tech companies in China means, companies like Twitch and Facebook are barred from operating in the country. This led to the creation of China’s own robust tech ecosystem that allowed domestic tech companies to flourish, sometimes even at an international level. Huya Live is one of these companies, a live-streaming platform that specializes in video-game streaming, much like Twitch. Huya Liv...
HUYA Inc. Announces Management Change
Gaming

HUYA Inc. Announces Management Change

HUYA Inc today announced that Ms. Catherine Xiaozheng Liu has tendered her resignation as the Company’s Chief Financial Officer due to personal reasons, effective on September 8, 2021 . The Company greatly appreciates Ms. Liu’s significant contributions to Company’s business, financial management, capital markets transactions and corporate governance, and sincerely wishes her continued success in her future endeavors. Although leaving the Chief Financial Officer position, Ms. Liu will serve as an advisor to Huya to assist with the transition through March 31, 2022 . Concurrently, Ms. Ashley Xin Wu has been promoted to the position of Vice President of Finance. Ms. Wu will assume Ms. Liu’s duties on an acting basis, and will report directly to Mr. Rongjie Don...
Cathie Wood’s Ark Invest continues to sell Huya stock
Tech

Cathie Wood’s Ark Invest continues to sell Huya stock

The bad news continue for Huya shareholders. After we reported about Ark Invest selling about 500000 shares of Huya on Friday the fund continued to sell on Monday. On Monday Ark Invest's fund ARKW sold another 650000 + shares of Huya. This could be related to the failed merger with Douyo that we reported about during the weekend.We will keep you updated about further developments
Ark Invest selling 450000 Shares of Huya
Tech

Ark Invest selling 450000 Shares of Huya

It appears Cathie Wood's Ark Invest is selling out of Huya. On Friday the 8th of July 2021 ARKW decreasead their stake in Huya by roughly 450000 shares. As of today Ark Invest still owns ~2.2 Million shares. We will keep you posted about further moves by Cathie Wood when it comes to Huya:
DouYu has terminated a merger with rival Huya
Tech

DouYu has terminated a merger with rival Huya

DouYu announced its withdrawal after regulators rejected the deal over the weekend, saying it would strengthen Tencent’s dominance in Chinese game streaming and give it an anti-competitive edge. Huya and DouYu together control more than 80% of the market based on active users, the State Administration for Market Regulation said in a statement Saturday. The case marks the antitrust agency’s first rejection of mergers and investment deals by China’s internet companies. This decision is a blow to Tencent (shareholder in both companies) and comes as Beijing steps up scrutiny over tech giants from Didi Global Inc. to Meituan. The transaction was negotiated before the government crackdown that began in late 2020 and was aimed at creating the country’s dominant live-streamed gaming leader ...