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I Bought Huya's Stock Recently. Here's Why.

TheMotleyFool

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I Bought Huya's Stock Recently. Here's Why.

Huya (NYSE: HUYA) -- a leading game-centric live streaming platform in China backed by Tencent Holdings Ltd (SEHK: 0700) -- saw its share price decline by 43% from its 12-month high, despite delivering solid 80% revenue growth fiscal 2019. While the COVID-19 outbreak, as well as the general negative sentiment toward Chinese companies, might have caused the fall in its share price, I think Huya is still poised to shine over the long term.

Source: Getty Image

Source Fool.com

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