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7 Nov 2022: Will China do a kuaishou on huya
@Hopehope赋予希望：
I didn't investigate this news that mentions that China's state-owned company bought a stake in Kuaishou Tech. I remembered Kuaishou Tech used to be trading more than 400 HKD. At all time low, it was around 31 Hkd. I did ask the question if China will do a temasek or GIC type of concept of fund management so that China can grow its wealth and mentioned it either on this platform or on my twitter account. When I saw the Kuaishou Tech's news, I think it could be "temasek" in the making, at least in terms of concept. Huya at its peak is almost 50 USD but went down to as low as 1.7 USD. This is a slightly different from Kuaishou tech, which focuses on short videos, etc and has its sales by livestreamers. But if China does a "kuaishou" on huya, there is the chance for huya to recover. Yes, I do really hope so. As always, this should not be construed as any investment or trading advice. Remember it is very important to only watch YouTube videos of ethical financial YouTubers. If their analysis is based on copying others then what is the point? They should at least quote the source. When one lacks ethics, it is best not to watch their videos and articles. YouTubers and financial bloggers who copy ideas and analysis, you know who you are...
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