*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 Christmas Day bombing in downtown Nashville led to communications outages over hundreds of miles in the southern U.S., raising concerns about the vulnerability of U.S. networks.
Tech jobs are open, yet a strong, diverse group of potential workers are being overlooked.
Keeping people engaged during virtual meetings is essential for company success and productivity.
Federal officials are outlining new rules that will let operators fly small drones over people and at night.
Rob LoCascio, CEO of LivePerson, joined Cheddar to discuss the future of AI in customer service and e-commerce.
Movers+Shakers CEO and co-founder Evan Horowitz talked to Cheddar about how Generation Z looks for authenticity in brands on the TikTok platform.
SMBs are under attack, and these tips can keep the hackers at bay.
Since May of 2020, decentralized finance (DeFi) has seen a huge rise in assets and expansion. What will this mean for its users in 2021?
Home services search platform, the Porch Group, made its Nasdaq debut just in time for Christmas.
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.
