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Is Huya Stock a Buy Now?

Lawrence Nga, The Motley Fool
·4 min read
Is Huya Stock a Buy Now?

Huya (NYSE: HUYA), a leading game-centric, live-streaming platform in China backed by Tencent Holdings (OTC: TCEHY), saw its share price almost double from its March low on the back of the strong recovery in technology stocks. For investors who missed the boat earlier this year, it might not be too late to consider Huya stock now. Founded in 2014 as a business unit within JOYY, Huya was spun off in 2018 and has morphed into a leading video game streaming platform in China with 168.5 million monthly active users (MAU).

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