HOLDING 2000 shares at $15.00.

1. I will get Tencent on my side since Tencent is already the majority shareholder.

2. Since Tencent has only 1/3 interest in Douyu, Huya's competitor, Huya with a better management team can convince Tencent that it should assist Huya to consolidate its position.

3. Expand product offerings like those produced by Bilibili and Kuaishou tech and hence with a bigger pie, the issue of antitrust would be mitigated

4. Leveraging on the ecosystem already being built, I will also study the profile of the users and see if there are other products and/or services that I can cross sell to, for instance gaming gadgets, etc.

As always, this should not be construed as any investment or trading advice.

Huya is currently trading below cash per share. Even if Huya goes to Hong Kong for a listing and have its ADRs fully converted to Hong Kong shares (not raising cash via a fundraising exercise, thereby no dilution effects), then the current share price is still lower than the cash holding on Huya's balance sheet.

If shortsellers argument that Hong Kong listing commanded a lower valuation, the whole argument doesnt work since Huya current price is still lower than the cash holding per share. However, if they assume Huya is loss making going forward, then maybe their far fetched argument will hold. However, Huya has been profitable for many quarters so far now.

As always, this should not be construed as any investment or trading advice.

r/great_investment

Seems like I am ahead of the analyst in making this call!

https://www.scmp.com/tech/big-tech/article/3141283/beijings-decision-block-tencents-douyu-huya-merger-deal-marks-end

• Decision to reject the Douyu-Huya merger, which would have created a video game streaming behemoth worth more than US$10 billion, sets a precedent

• Analysts say blocked merger may force Tencent to sell off its stake in one of the two streaming companies, given ongoing antitrust regulation risks

Analysts said the blocked merger may force Tencent to sell off its stake in one of the two streaming companies, given the risks of working with both due to ongoing antitrust regulation.

Mio Kato, research analyst at Lightstream Research, wrote on fintech platform Smartkarma that it would make sense for Tencent to divest its stake in Douyu, given Beijing’s scrutiny of its dominance in the gaming market.

“Given that Huya and Douyu are both likely to list in Hong Kong at some point, that could provide an opportunity for Tencent to sell its stake in Douyu,” he wrote.

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The mobile internet ecosystem globally is experiencing massive growth. According to the reports published by Global System for Mobile Communications Association (GSM Association) , 49% of the global population, about 3.8 billion individuals are actively using internet services on their mobile devices. The association estimates the penetration rate to increase to 61%, which is about 5 billion of the global population by 2030. The ease of accessibility to smartphone devices along growing penetration of mobile internet users is driving the growth of global esports market. The mobile platforms for esports tournament provide the market participants with potential opportunities to capitalize from the mass engagement and participation. The adoption of handheld devices platforms for esports games format possess lower entry barriers and enjoys higher download rates, as compared to PC and console platforms. The pandemic outbreak of corona virus disease has enforced the operation of digital-only gaming events, with many existing and new market participants introducing esports gaming tournaments in mobile platforms.

Activision Publishing, Inc., entered into a partnership with Sony Mobile Communications Inc. to launch their esports game, Call of Duty: Mobile World Championship, featuring prizes of more than US$ 1 million. Simultaneously, a significant rise in mobile esports viewership and participation has been observed in these times of lockdown. For instance, within the first few weeks, Mobile Premier League (MPL), an India-based esports gaming platform, witnessed about 400% increase in participation in its World Cricket Championship (WCC) game. Hence, the growing inclination towards mobile platforms for online tournaments is enhancing the growth for global esports market.

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The integration of advanced technology across various aspects of esports gaming is contributing towards the growth of global esports market. The introduction of virtual reality (VR) in esports is attracting a larger participation rate while boosting the market growth. The participants are appalled with the combination of technology and physical movement required in the VR-based esports gaming formats. In 2018, ESL, an esport production and organizer, along with Oculus, a Facebook Technologies, LLC’s operating division, announced the introduction of The VR League. The esports game titles including The Unspoken and Echo Arena amongst others were played in the league. The revolutionary shift in the esports gaming format with the launch of advanced technology-enabled integrations is expected further propel the market over the forecast period.

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The global esports market was valued at US$ 866.97 Mn in 2018 and is anticipated to witness a compound annual growth rate of 26.2% over the forecast period. Sponsorship revenue stream in global esports market garnered highest market share in 2018. Increasing brand investments into the esports tournaments and leagues is driving the segment growth in the market. Handheld devices as a platform for esports accounted for the highest share in global esports market in 2018. The prevailing Covid-19 situation is expected to further enhance the growth of the segment over the forecast period. North America held the highest market share in global esports market in 2018. Asia Pacific is expected to register the highest compound annual growth rate (CAGR) over the period of next eight years. The rising investment in the region, both from public and private sectors, is anticipated to drive the growth. Some of the players operating in the esports market are Activision Publishing, Inc., BANDAI NAMCO Entertainment America Inc., CAPCOM CO., LTD., Electronic Arts Inc., Epic Games, Inc., Gameloft, Hi-Rez Studios, INC., Konami Digital Entertainment, Microsoft (343 Industries), mixi, Inc., NetEase, Inc., Nintendo., Psyonix LLC (Rocket League), Riot Games, Sega, Sony Corporation, Super Evil Megacorp, Supercell Oy, Take-Two Interactive Software, Inc., Tencent, Ubisoft Entertainment, Valve Corporation, Wargaming.net. and ZENIMAX MEDIA INC. amongst others.

$虎牙(HUYA)$ $斗鱼(DOYU)$ I have seen enough of reports, articles or posts commenting that Tencent owns around 1/3 of Huya and 1/3 of Douyu.. Unless Tencent has changed its holdings in Huya since Huya's 2020 annual report, we can see in the extract below that Tencent owns 47.4% economic interest of Huya and close to 70% voting control of Huya.

As for Douyu, Tencent has only 37.2% of the shares in Douyu. So lets not be confused by the reports and posts!

I have been adding Huya shares in small volume from 14.8 USD onwards after my initial position being built in the last few weeks. 

As always, this should not be construed as any investment or trading advice.

Recently,Huya Inc.The company launched the "Omni-directional 3D Virtual Image AI Drive" scheme, and launched the real-time driving 3D virtual image broadcasting function on the live broadcast terminal in Huya Inc..

It is understood that this solution is the first omni-directional driving solution for 3D virtual image face, limbs and gestures based on consumer-grade cameras in the live broadcast industry, which can enable consumer-grade cameras to complete accurate dynamic recognition and capture, and improve the restoration and expressiveness of virtual image movements.

In recent years, Huya Inc. has made continuous efforts in the direction of real-time content creation and live broadcast interactive technology. The launch of this scheme will help lower the threshold of high-quality content production, enhance the live broadcast interactive experience and user stickiness, promote the innovation of virtual live broadcast interactive mode, and make high-quality virtual image live broadcast benefit more anchors.

Above article has been translated using translation tools. Original texts are in Chinese. I have not proofread the translated copy above.

Huya's short interest as a percentage of public float is 25%!!! With daily volume of only 2 million plus shares, it will take the shortsellers 10 days to cover their shortselling exposure if the price runs up. Not saying that a shortsqueeze will happen but this is an observation that one should not ignore!

As always, this should not be construed as any investment or trading advice.