Company:Huya Live

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Short description: Chinese live streaming service
Huya Live
[[File:150px
(Chinese)
150px
(Global)|250px]]
Type of site
Live streaming, streaming video
Available inSimplified Chinese
Traded asNYSE: HUYA
Area servedChina
Worldwide (as Nimo TV)
OwnerTencent (67.3% as of 31 March 2025)
Website{{{1}}}
www.nimo.tv (outside China)
CommercialYes
Launched24 November 2014; 11 years ago (2014-11-24)
Current statusActive
Huya Live
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Huya Live (Chinese: 虎牙直播) is a Chinese video live streaming platform focused on video games and esports, operated by Huya Inc. (NYSE: HUYA). It is one of China’s two largest game live‑streaming services alongside DouYu and carries official esports broadcasts as well as user‑generated streams.[1] Huya Inc. is controlled by Tencent Holdings Limited. Outside mainland China, the service operates in selected overseas markets under the Nimo TV brand.[2]

History

On 24 November 2014, it was announced that YY.com's video streaming service would begin operating independently as Huya Live.[3]

On 4 January 2018, Riot Games gave Huya Live exclusive rights to broadcast the LCK, South Korea's professional esports league for League of Legends, in China.[4] The same was done for the LCS and LEC on 20 January 2020, the equivalent leagues in North America and Europe respectively.[5][6]

Since 11 May 2018, HUYA Inc.'s American Depositary Shares (ADSs) have been listed on the New York Stock Exchange, under the symbol "HUYA."[7]

Huya had 150 million monthly active users at the start of 2019.[8]

In April 2020, Tencent became the largest shareholder of Huya, having increased its voting power to 50.1% which reduced JOYY's voting stake from 55.5% to 43%.[9] As of 31 March 2025, Tencent beneficially owned 67.3% of Huya's total issued and outstanding share capital and had voting power of 95.4%.[10]

The mobile app of Huya was banned in India (along with other Chinese apps) on 2 September 2020 by the government amid the 2020 China-India skirmish.[11][12]

In July 2021, Chinese regulators blocked a proposed merger between Huya and DouYu on antitrust grounds.[13]

In 2024, Huya's game-related services, advertising and other revenues accounted for 21.9% of its total net revenues, up from 7.8% in 2023.[14]

In December 2025,Huya served as the official organizer and exclusive steaming platform for the 2025 Demacia Cup,marking the first time the tournament's hosting rights were granted to a third party.[15]

References

  1. ↑ Wu, Kane; Horwitz, Josh; Leng, Cheng (July 10, 2021). "Chinese antitrust regulator blocks Tencent's $5.3 bln video games merger" (in en-US). Reuters. https://www.reuters.com/world/china/chinese-antitrust-regulator-blocks-tencents-video-games-merger-2021-07-10/. 
  2. ↑ "Form 20-F Huya Inc.". April 17, 2025. https://www.sec.gov/Archives/edgar/data/1728190/000141057825000781/huya-20241231x20f.htm. 
  3. ↑ 种昂 (1 February 2018). "虎牙直播改道上市 背后玄机引发业界猜疑" (in zh-CN). http://www.eeo.com.cn/2018/0201/321880.shtml. 
  4. ↑ "虎牙直播将独播LCK2018春季赛" (in zh-CN). 4 January 2018. http://www.techweb.com.cn/onlinegamenews/2018-01-04/2625715.shtml. 
  5. ↑ Esguerra, Tyler (20 January 2020). "Huya becomes newest exclusive LCS and LEC broadcaster in China". Dot Esports. https://dotesports.com/league-of-legends/news/huya-becomes-newest-exclusive-lcs-and-lec-broadcaster-in-china. 
  6. ↑ Murray, Trent (20 January 2020). "Huya Secures Chinese Broadcast Rights for LCS, LEC". The Esports Observer. https://esportsobserver.com/lcslec-china-huya/. 
  7. ↑ "Chinese game live-streaming site Huya makes NYSE debut - Xinhua | English.news.cn". http://www.xinhuanet.com/english/2018-05/12/c_137173085.htm. 
  8. ↑ Huang, Zheping (7 January 2019). "'China's Twitch' Huya surpasses 100 million users despite content crackdown" (in en). South China Morning Post. https://www.scmp.com/tech/article/2180973/chinas-twitch-huya-surpasses-100-million-monthly-active-users-despite-beijings. 
  9. ↑ Sun, Leo. "Tencent Gains Control of Huya: What Does This Mean for JOYY?" (in en). NASDAQ. https://www.nasdaq.com/articles/tencent-gains-control-of-huya%3A-what-does-this-mean-for-joyy-2020-04-09. 
  10. ↑ "Huya Investor Relations SEC Filings". https://ir.huya.com/SEC-Filings. 
  11. ↑ "Government Bans 118 mobile apps which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order" (Press release). Government of India. 2 September 2020. Retrieved 2 September 2020.
  12. ↑ Yasir, Sameer; Kumar, Hari (2020-09-02). "India Bans 118 Chinese Apps as Indian Soldier Is Killed on Disputed Border" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2020/09/02/world/asia/india-bans-china-apps.html. 
  13. ↑ "Chinese antitrust regulator blocks Tencent's $5.3 billion video games merger". CNBC. 2021-07-10. https://www.cnbc.com/2021/07/10/chinese-antitrust-regulator-blocks-tencents-5point3-billion-video-games-merger.html. 
  14. ↑ Seck, Tobias (2025-03-18). "Huya Q4 Earnings Reflect a Strategic Shift Amid Revenue Transformation" (in en). https://esportsadvocate.net/2025/03/huyas-q4-earnings-reflect-a-strategic-shift-amid-revenue-transformation/. 
  15. ↑ "Huya Serves as the Official Organizer and Exclusive Streaming Platform for the 2025 Demacia Cup". PR Newswire. 2025-12-15. https://www.prnewswire.com/news-releases/huya-serves-as-the-official-organizer-and-exclusive-streaming-platform-for-the-2025-demacia-cup-302331572.html. "The 2025 Demacia Cup marks the first time since its inception in 2014 that hosting rights have been granted to a third party, reflecting Huya's expanding presence within the League of Legends e-sports ecosystem." 
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