iQiyi (NASDAQ: IQ) and Huya (NYSE: HUYA), two major players in China's streaming video market, went public last year. iQiyi went public last March at $18. Its stock surged to nearly $30 earlier this year, but subsequently dropped back to its IPO price.
Huya went public at $12 last May. It also hit nearly $30 earlier this year before giving up a large portion of those gains. But unlike iQiyi, Huya remains comfortably above its IPO price in the low $20s. The sluggish Chinese economy and the trade war seemingly kept investors away from both stocks, but could one rebound more quickly than the other?
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