I want to hear your opinion. Huya, a gaming and e-sports platform being spun out of China's YY (NASDAQ:YY), is targeting $165 million at a $2.4 billion valuation. The company benefits from its leading market share (87 million MAUs; $345 million in 2017 sales), fast growth (175% in 2017) and clear path to profitability. That said, it competes with Tencent (OTCPK:TCEHY)-backed Douyu and will rely on parent YY post-IPO for some core services. We note that the company is floating less than 8% of its market cap. Cre: https://seekingalpha.com/article/41...le-targets-3_5-billion-largest-ipo-since-2014
E-sports and mobile streaming are very popular in China, and Huya is ready to gram this market opportunity.
Overwatch hits the big time with ESPN broadcast deal ESPN, Disney XD and Blizzard Entertainment announced on Wednesday an exclusive multiyear agreement for live TV coverage of professional eSports league, Overwatch League Big news for the gaming e-sports platforms. Long both HUYA and ATVI.