*By Jacqueline Corba*
The Chinese gaming firm Huya made its public market debut Friday, trading up as much as 41 percent from its IPO price of $12.
"We are very glad," said Huya's chief financial officer, Henry Sha, in an interview with Cheddar shortly after the company began trading on the New York Stock Exchange. "The e-sports environment in the U.S. market is quite good. A lot of gamers, a lot of e-sports are enthusiastic here, so we believe that the U.S. investor, the U.S. market can understand more about our company."
Huya's live-gaming platform has an average of 40 million active monthly users on mobile. In 2017, revenue was $344 million.
Sha said China is the primary market for Huya, but there is great potential among gamers in the United States.
Huya aims to raise $165 million in its public offering, Sha said, with the intention of using the capital to invest in e-sports and content creators.
Chinese entertainment giant Tencent is the second-largest stakeholder in Huya, and will maintain its 39.5 percent ownership. "We are very excited about future collaboration with Tencent," said Sha.
For the full interview, [click here](https://cheddar.com/videos/huya-soars-in-market-debut).
The Volkswagen ID.4 electric SUV is currently manufactured in Germany and China but will begin U.S. production in 2022.
Learn to master the principles of project management with these 10 courses.
Werner Vogels, Amazon’s chief technical officer, spoke to Cheddar about the 15 years of impact AWS has had on cloud computing and the world.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Maxine Williams, chief diversity officer at Facebook, spoke to Cheddar from the all-virtual SXSW to discuss Facebook's progress on improving diversity and inclusion within the social media giant.
NASA has completed an engine test firing of its moon rocket, after the first attempt in January ended prematurely.
Work towards getting your page or website ranking on the first page of Google.
Doug Scott, Twitch CMO, talked to Cheddar about the platform's streaming success partly by allowing its audience to be creators as well.
CEO and founder of OloNoah Glass spoke to Cheddar about the restaurant tech firm's successful public offering on Wednesday.
Cannabis e-commerce platform Dutchie announced a $200 million Series C round of funding that the company said values it at $1.7 billion.
