I saw an article from state media regarding Huya.
Generally speaking, it is just an update on Huya's declaration to be in compliance with China's data security regulations. But it was also noted that Huya's CEO has taken the chance to elaborate on Huya's strategy. Below is the words in Chinese:-
内容方面，虎牙将持续做好优质版权、主播积累，并不断提升精细化运营能力。董荣杰表示，虎牙将依托自身电竞体系化优势，努力打造虎牙的“电竞”标签，挖掘“电竞+直播”“电竞+体育”“电竞+娱乐”等潜力，推动“电竞+”破圈，为电竞绽放杭州亚运会加油助力。
What he meant is Huya will continue to execute on obtaining good licensing rights, accumulation of live streamers and optimise its cost structure. For its business model, it will continue to work on and expand on Esports and streaming, Esports and sports, Esports and entertainment product features. At the same time, they will take the opportunity to expand beyond the comfort zone, which includes expanding internationally. Huya will also use the fascination and popularity of Esports to promote In Hangzhou's 2022 Asia games.
Price action wise, Huya, Douyu, Bilibili all did poorly on a one day price action wise in the US trading day 21 Jan 2022. It is not surprising when we see that US tech equities and general market worries put investors cashing out Sto flee to safe assets like cash! But it is not really safe to me given that inflation in US is high. So what can investors do?
Price for Huya alone isnt that great as Huya has failed several times to climb and have not even touched 7.9 usd. It closed at 6.5 USD last night. Long term wise, I continue to remain cautiously optimistic of Huya. Only time can tell if I am right. Question to think through is whether US tech correction or crash will bring down Chinese tech as well or it can provide the reason to rotate into Chinese tech...
As always, this should not be construed as any investment or trading advice.
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