Is Huya Stock a Buy Now? | The Motley Fool
The company is well-positioned for long-term growth.
Video game live-streaming giants Huya and DouYu are merging, giving Tencent control of a US$10 billion industry giant
A plan from Tencent Holdings to create a US$10 billion Twitch-like live-streaming behemoth was officially set into motion on Monday when Huya announced a plan to merge with DouYu International Holdings, which is expected to delist from the Nasdaq in the coming months.The merger brings together China’s two largest video game live-streaming platforms with a combined 300 million users. That is the vast majority of the 340 million users in China’s game live-streaming market estimated by Shanghai…
China's biggest game-streaming platforms Huya and DouYu agree to merge, creating a combined company with 300M+ MAUs, representing ~80% of the Chinese market (Patrick Frater/Variety)
Patrick Frater / Variety : China's biggest game-streaming platforms Huya and DouYu agree to merge, creating a combined company with 300M+ MAUs, representing ~80% of the Chinese market — China's two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge.
Streaming companies Huya and DouYu to merge
DouYu updates Q3 guidance, announces merger agreement with Huya (NASDAQ:DOYU)
DouYu International Holdings (NASDAQ:DOYU) expects Q3 net revenue to be in the range of RMB2.52B-RMB2.55B, up 35.6%-37.2% Y/Y, from its previous guidance
Huya and DouYu Enter into Merger Agreement
/PRNewswire/ -- HUYA Inc. ("Huya") (NYSE: HUYA) and DouYu International Holdings Limited ("DouYu") (NASDAQ: DOYU) today announced that they have entered into…
What You Need To Know About Joyy, Owner Of TikTok Competitor Likee
Joyy Inc (NASDAQ: YY ) is one of many companies that compete for an audience in the livestreaming space in China and elswhere. The company, which has seen impressive growth since its 2012 IPO, has seen its stock rise substantially from the $10.95 offering price. The company is the owner of Likee , a competitor to TikTok — which could be a hidden asset. What You Need to Know : Joyy Inc. operates as a leader in livestreaming, short-form video, social networking, e-commerce, education, and finance with brands like YY Live, Bigo Live, Likee, and HAGO. The company is also a large shareholder in Huya Inc. (NYSE: HUYA ), a company that it spun out several years ago. Livestreaming is growing rapidly for the company, but it’s the short-form video segment to which investors should pay attention. A ban on TikTok by President Donald Trump gives owner ByteDance 90 days to sell off the company’s U.S. segment, due to concerns over privacy from a Chinese company controlling data. Joyy's TikTok Competitor: Singapore-based Likee hit 150 million monthly users …
Earnings Scheduled For August 11, 2020
Companies Reporting Before The Bell • NIO Inc. (NYSE: NIO ) is estimated to report quarterly loss at $0.26 per share on revenue of $503.58 million. • Sysco Inc. (NYSE: SYY ) is expected to report quarterly loss at $0.30 per share on revenue of $9.52 billion. • Affimed Inc. (NASDAQ: AFMD ) is expected to report quarterly loss at $0.16 per share on revenue of $5.52 million. • BioNTech Inc. (NASDAQ: BNTX ) is estimated to report quarterly loss at $0.28 per share on revenue of $52.23 million. • CSP Inc. (NASDAQ: CSPI ) is expected to report earnings for its third quarter. • Casper Sleep Inc. (NYSE: CSPR ) is expected to report quarterly loss at $0.76 per share on revenue of $104.75 million. • eMagin Corporation Common Stock Inc. (AMEX: EMAN ) is expected to report earnings for its second quarter. • Fulcrum Therapeutics Inc. (NASDAQ: FULC ) is estimated to report earnings for its second quarter. • Goodrich Petroleum Corporation Common Stock Inc. (AMEX: GDP ) is expected to report quarterly loss at $0.
Tencent initiates merger of China’s Twitch-like sites Huya and Douyu in move to consolidate gaming lead
Chinese internet giant Tencent Holdings has proposed merging the country’s two biggest video game live-streaming platforms in a deal that would give it a controlling stake in the new entity and help secure its leading position in the domestic market for games and e-sports.Tencent has proposed a stock-for-stock merger of NYSE-listed Huya and Nasdaq-listed Douyu, according to separate statements by the companies on Monday. For Huya, Tencent would purchase 30 million shares from owner Joyy Inc for…
Global X on living in ‘beyond ordinary’ times
Global X on living in ‘beyond ordinary’ times Submitted By Beverly Chandler | 10/08/2020 - 10:52am Global X, with a range of ETFs that it describes as ‘beyond ordinary’, enjoyed USD1.3 billion in positive net inflows last month, as its ETFs based on cloud computing, gaming and cyber security flowered during the Covid-19 lockdown. Global X, part of the Mirae Asset Global Investments group, has close to USD13 billion under management in ETFs. Jon Maier, Chief Investment Officer at the company says that the firm got off to very good year, right up until February 19th, when, as he puts it: “The market got away from us. That evolved, through a lot of market dislocation, into our Covid-19 experience of lockdown. “We are now in an era of staying at home, which includes working, educating our children and socialising, and having fun. The technology needed to perform many of activities require solutions provided by companies that are a part of our suite of ETFs including cloud computing, ecommerce, education, cyber security and video game and e-sports.
Huya stock price: expect a recovery in the long term
HUYA (HUYA) shares are trading at $26.17. This live-streaming platform is down almost 50% since mid-June. What's driving HUYA stock price? What's HUYA stock price forecast?
YY stock: a great buy or a risky value proposition?
YY Inc. (YY) shares are trading at 74.09, up 2.50%. What's driving YY stock price? What's YY stock price forecast?
Huya (NASDAQ: HUYA) stock headed for the skies
Huya (NASDAQ: HUYA) stock is soaring. It's 14% up in today's trading, with huge traders' interest and overwhelmingly positive sentiment (95%) as seen on Stocktwits. You may be wondering, what's causing this, and what is the HUYA stock price forecast?