www.ubs.com/investmentresearchThisreporthasbeenpreparedbyUBSSecuritiesAsiaLimited.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE20.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.GlobalResearch14April2020ChinaInternetSectorUBSEvidenceLabinside:HuyaandDouyustilldominatehardcoregamelivestreamingManyplatformsstreamgamesbutHuyaandDouyuofferdifferentiationWebelieveinvestorsareoverlyconcernedaboutnewentrantsintoChina'sgamelivestreamingindu...
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