Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Wholesale Mask Prices Fall Over 90% and Raw Materials Fall to Fraction of Peak Price
Trending in China: Can Douyin, China’s Version of TikTok, Help China’s LGBT Community?
India Asks Banned Chinese Apps 77 Questions Over Content Review and Data Security
Air Conditioner Maker Gree Warns Profit May Drop Sharply in First Half of 2020
Chipmaker SMIC Prepares for China’s Biggest Share Debut in a Decade
Hillhouse to pick stake in Shanghai-listed drug maker Joincare for $310m
Trending in China: Jack Ma Sells $8.2 Billion of Alibaba Shares — Good News for Philanthropy or Bad News for Tech Companies?
Didi to March Into 20 New Australian Cities Next Month
Underwater Robotics Maker Sublue Speeds Toward STAR Board Listing with New Funding Predicts Over $20 Million in Losses in First Half of 2020, Says Carrefour China Remains Profitable
Online Travel Leader to Issue $500 Million in Convertible Bonds
Trending in China: Was the Driver Who Deliberately Crashed His Bus Killing 21 Evil or a Victim? Netizens Discuss
Foxconn Plans to Invest $1 Billion to Expand iPhone Production at Indian Factory: Reuters
Money-Losing Electric Carmaker Li Auto Files for U.S. IPO
Platform Serving China’s Takeout Delivery Workers Jumps 28% in Nasdaq Debut
SenseTime Builds AI Computing Platform in Shanghai Amid ‘New Infrastructure’ Push
WeRide to Test Fully Autonomous Vehicles in Guangzhou
Trending in China: Why Are Chinese Netizens Saying Kanye West Could be ‘China’s First’ U.S. President?
Trending in China: Will Weibo’s Fight Against Porn Have Other Unintended Side Effects
Tencent Leads $40 Million Investment in Online Art Educator
Huya Posts Solid Third-Quarter Growth as User Base Expands

By Ding Yi / Nov 13, 2019 05:49 PM / Business & Tech

Photo: VCG

Photo: VCG

Chinese game livestreaming platform Huya on Tuesday reported strong growth in both revenues and profits in the third quarter of 2019.

For the three months through Sept. 30, net revenues skyrocketed by 77.4% year-on-year to 2.27 billion yuan ($323 million), while net profit totaled 123.2 million yuan ($17.2 million), up 117.1% compared with the same period of last year, according to the company’s earnings report.

Huya’s average number of monthly active users on mobile grew 29.1% year-on-year to 63.8 million, while the total number of paying users increased to 5.3 million from 4.2 million over the same period.

The company largely attributed the robust growth to the implementation of technology initiatives that greatly improved user and broadcaster experience on Huya’s platforms.

Huya is reportedly planning to invest 1 billion yuan worth of resources to support developers of mini programs, which the company considers a potential new source of revenue.

Contact reporter Ding Yi (

Related: Praise for JD and Huya, Less Excitement for Tencent Music and DouYu as ‘Team Tencent’ Reports

Share this article
Open WeChat and scan the QR code