DouYu: HUYA's Main Competitor in the E-Sports Live Streaming Market, We Estimate 63% Upside
E-sports live streaming is one of the industries that received a boost due to the COVID-19 outbreak as various consumers turned to games or game...
190 Views
Baidu (BIDU): Pandemic Merely an Excuse for Poor Q1
We believe Baidu’s performance would have been weak anyway even without the pandemic. Baidu’s search revenue decreased by 13% YoY, while a smaller...
148 Views
HUYA: Game Live Streaming Evolving into Mainstream Entertainment Staple, We Estimate 41% Upside
E-sports live streaming is one of the industries that received a boost due to the COVID-19 outbreak as various consumers turned to games or game...
312 Views
Pinduoduo Bribery (拼多多) - Perception Matters
Pinduoduo (PDD US) alerted the police regarding a suspected bribery that involved Cue Holdings and a Pinduoduo staff. In this note, we take a quick...
356 Views
Tencent (700 HK): In 1Q2020, Game Market Surged More Than We Expected
The market sizes of game and game broadcast increased by 25% YoY and 67% YoY in China in 1Q2020. Only domestically developed games gained in the...
424 Views