HUYA anyone?

Streaming gaming China play. Earnings came out last night.

Revs. 93%YOY
Live streaming revs. 96% YOY
Ad Rev 56%YOY
MAUs 123.8 mill 33%YOY
Payed Users 5.4 mill 57% YOY
Adj net income 94%YOY
Adj diluted eps 68%YOY

Strong guidance.

Worth a look.

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Only if the number is true. There is rampant fraud in financial reported data by Chinese public companies, if you know Chinese and can read those horrible stories there. Many investors in their A-share market lost all due to that. Funny thing, their security law will only fine no more than 600K RMB, about $100K maximum for any kind of fraud, this actually encourages fraud as the cost is so low. Go figure.

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Funny thing, their security law will only fine no more than 600K RMB, about $100K maximum for any kind of fraud, this actually encourages fraud as the cost is so low. Go figure.

Somewhere betweeen that and execution… fraud likely gets more executed then you would ever know.

https://www.theatlantic.com/china/archive/2013/07/chinas-ber…