TOP CHINESE GAMING STOCK – DOUYU STOCK (DOYU) ESPORTS
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VIDEO SUMMARY ????
Looking for the best growth stocks in 2021? Chinese esports stock DouYu (DOYU) might be a good investment! Dubbed the Twitch of China, this Chinese growth stock looks like a potential millionaire stock! Here’s why this could be one of the best growth stocks in 2021 and why it’s one of my favourite stock picks!
DoYu is referred to as the Twitch of China as its one of the leading video game streaming platforms in the region! The company is the second most popular online gaming platform behind rival Huya however that’s not going to matter soon as the two companies plan on merging together to dominate the Chinese videogame streaming and esports market! This deal is expected to close in 2021 and the company will trade under HUYA’s name! Together the business will have more than 300m users and they’ll control an 80% share of the videogame streaming market giving them a clear advantage over new threat Douyin which is owned by Tiktok creator Bytedance!
Another huge advantage for the newly merged company is that Chinese video game giant Tencent will own a 68% stake in the business. Tencent is the world’s largest video game publisher by revenue and is behind games including Fortnite, League of Legends and Clash of Clans! Not only that but Tencent has more than a billion users of its popular app wechat – and towards the end of 2020 – Tencent added a built-in streaming feature which links these billions of users with HUYA’s platform.
That said there are a couple of concerns to be aware of! Firstly, the Chinese regulator has been very vocal about cracking down on monopolisitic practices amongst the country’s largest tech companies. This means it’s likely that the proposed merger of HUYA & DOYU will be under intense scrutiny from the Chinse Administration and there is a chance that the deal could be stopped.
Even more worryingly are the latest reports from short-sellers Grizzly Research claiming that DoYu should be investigated for hosting illegal gambling activities on its platform. In China, all gambling is considered illegal and over the past we have seen many platforms like Momo suffer massively from accusations of hosting such activities.
If Grizzly Research is right, and a portion of DoYu’s revenue is coming from gambling activity then the stock’s growth could well take a massive hit! However if Doyu is cleared of these allegations, then I see no better way to ride China’s esports boom!
????????????????????????????????????????: All trading involves risk. Only invest money that you can afford to lose and remember that past performance doesn’t necessarily guarantee future results. Everything posted by me is for educational purposes only. I am not a financial advisor and no information in these videos or on my website should be considered as financial advice.
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