BOSTON, March 14, 2019 /PRNewswire/ -- The CEO of Huya
(NYSE: HUYA), the first and largest publicly listed game live
streaming platform in the world, shared insights at IMPACT
ASIA: 2019 MIT Asia Business
Conference through a unique video Q & A session on March 2nd,
2019.
The event featured top business leaders and technology investors
active in the APAC region. Following Huya's successful IPO on the
NYSE in May 2018, this was the
company's first public event they have participated in within the
US as they gear up for rapid international expansion.
One of the key questions MBA students at MIT had for
Huya's CEO Rongjie Dong was how the
company evolved from a startup to becoming the first Chinese
company listed on the NYSE in the industry.
Mr. Dong recalled the early days of building the
company, "When League of Legends
was all the rage back in 2013 and 2014, users wanted to know why
some users excelled and some did not.
We spotted the rise in demand by then and developed a
business model with which users can watch game streamers play and
communicate with them."
With the rise of gaming and e-sports in the last 5 years, Huya has also
seen a lot of competition in the game live streaming space. To
maintain its leadership, Huya has had to build a competitive
advantage in key areas.
"I think whatever can be copied is not a competitive
moat," said Mr Dong. "The two important
indicators for the competitiveness of content
companies are firstly, consistently
outputting good contents and secondly, constantly producing more and more
good content. The point is how to attract and retain the creators
who produce high-quality content to stay on our platform instead of
other platforms."
"We make sure Huya is the first platform where good content
appears, and this depends on our technology," Mr. Dong explained
when asked by students how they keep an edge over other game live
streaming platforms. "For instance, we put in more effort than
anyone so we can transmit 10 seconds faster than our competitors
for the same match resources."
Mr. Dong is also looking to the future for what is next in live
streaming, "I believe in the 5G era
we will see qualitative changes taking place in live
streaming. Live steaming in 5G era will be more than entertainment
or relaxation. It will become a
productive force, providing us with a broader horizon to connect
with the world."
About HUYA Inc.
HUYA Inc. is a leading live streaming platform focused on gaming
in China. The company partners
with e-sports event organizers,
major game developers and publishers, and has established e-sports live streaming as one of the most
popular content genres on its platform. As of the end of Q4 2019,
HUYA had 116.6M monthly active users
(MAU) on the platform. HUYA's community is highly interactive and
engaged - and is especially popular with China's gaming youth. Building on its success
in live streaming, HUYA has extended its content offerings into
other entertainment genres. HUYA's open platform also functions as
a marketplace for broadcasters and talent agencies to congregate
and closely collaborate with the company. HUYA has remained
competitive by cultivating an ecosystem that attracts the best
creators and rewards them for their contribution to the
platform.
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SOURCE Huya