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Fly News Breaks for December 12, 2019
HUYA
Dec 12, 2019 | 05:35 EDT
Needham analyst Vincent Yu initiated coverage of Huya with a Buy rating and $24 price target. Huya is one of the largest game-centric live streaming platforms in China with over 123M monthly active users and 660,000 streamers, Yu tells investors in a research note titled "The ESPN of China E-Sports." The analyst believes the company can drive growth and further differentiate itself in a "crowded" China live-streaming market.
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