Thread: Money Investing megathread extravaganza
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Old 06-04-2018, 06:28 PM   #1922
Hog's Gone Fishin Hog's Gone Fishin is offline
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Join Date: Nov 2001
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Quote:
Originally Posted by ChiliConCarnage View Post
Yeah, the market is going crazy over these. I think iq is a solid choice but I didn't invest (oops). There is a lot of competition. They and Tencent Video seem to have pushed past Youku Toudou, the former market leader.

Huya's gone crazy expensive at 16-17x sales. That's a lot for a US company w/ no earnings let alone a VIE from China with the associated risk of not really being an owner. I've owned the parent that spun it off, YY, for a long time so I've just been sitting back. They report earnings tomorrow.

Today was probably good for you big pop for China & tech in general. Later this year Tencent Music and Ant are supposed to IPO. They'll have huge valuations. I think Ant Financials last private funding round was like 150 billion. That's Coca Cola level of company.. I can't remember an IPO anything like that. If the hysteria with China IPO's continues perhaps we should be ready to cash in
I went ahead and pulled the plug and bought some huya this morning. Chinese gaming is huge.
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