iQiyi (NASDAQ: IQ) and Huya (NYSE: HUYA) are two of China's most well-known video platforms. iQiyi is a top premium platform for TV shows and movies, and Huya is a leading platform for streaming video games.
Both companies are also subsidiaries of much larger companies. iQiyi belongs to Baidu (NASDAQ: BIDU), which still retains control over the company after spinning it out in an IPO in 2018. Huya belongs to Tencent (OTC: TCEHY), which bought out JOYY's (NASDAQ: YY) stake in the company earlier this year. Tencent also owns a stake in Huya's top rival, Douyu (NASDAQ: DOYU), and it's currently in the process of merging the two companies under Huya's banner.
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Source Fool.com