Huya and Douyu – Implications for Valuation From the Gross Margin Trend
As individual entities we were negative on Huya and Douyu due to poor marginal profitability arising from the need to compete for top streamers....
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Bilibili: Early Thoughts on Bilibili’s Secondary Listing
Over the past couple of weeks, several news media outlets have reported that Bilibili, a Chinese video site, is considering a secondary listing on...
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WeChat Just Got a Major Upgrade; Highlights Tencent's 3-Prong Attack Into E-Commerce
WeChat just got a major upgrade with the launch of its new Mini Program feature called "WeStore". The new feature allows enterprises and small...
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Huya's Newest Subsidiary Hints at Tencent's Endgame Strategy
Huya just launched its new cloud gaming service, Yowa, holding ~70 mobile/ PC titles. This came just 3 months after its rival DouYu launched its...
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Our Tech Portfolio Update: COVID Winners Reaping Rewards, Niu Soars 80%+
Niu Soars as Market Finally Appreciating EV Micromobility Amidst COVID; Momo Loses Ground to CompetitorsThe months of May and June saw a...
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