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JOYY

From EverybodyWiki Bios & Wiki


JOYY
Public
Traded asNASDAQ: YY
ISIN🆔
Founded 📆
Founder 👔
Headquarters 🏙️30 Pasir Panjang Road #15-31A Mapletree Business City,
Area served 🗺️
Key people
Lǐ Xuélíng (Chief Executive Officer)
Members
Number of employees
🌐 Websitejoyy.com
📇 Address
📞 telephone

JOYY Inc. is a Singaporean technology holding company investing in social networking services.[1][2]

History

  • In July 2011, YY Inc. was established as a holding company in the Cayman Islands.
  • On September 6, 2011, YY Inc. made Duowan BVI a wholly owned subsidiary through a share exchange.
  • Web-based "YY" started in October 2012.
  • Listed on the NASDAQ market on November 21, 2012.
  • In November 2014, YY Inc. started the game livestreaming business unit "Huya" (Huya).[3]
  • Started strategic investment in Bigo Inc. in May 2018. Completed acquisition of Bigo Inc. in March 2019.[4]
  • In March 2018, signed a strategic partnership agreement with Shanghai Chuangsi Enterprise Development Co., Ltd. and transferred the online game business of the YY segment to Shanghai Chuangsi.[5]
  • On December 20, 2019, the company name was changed from YY Inc. to JOYY Inc. From Chinese notation "欢聚era" at the same time欢聚collection团 changed to.
  • On April 3, 2020, a part of the shares of HUYA Inc. was transferred to Tencent, and HUYA Inc. was deconsolidated.[6]
  • In the first half of 2021, YY Live (mobile app "YY mobile app", website "YY.com", PC software "PC YY") was sold to Baidu.[7]

Corporate governance

Lǐ Xuélíng serves as the current Chief Executive Officer[citation needed]

Brands and Services

Bigo Live

Bigo Live is a live streaming platform owned by a Singapore-based BIGO Technology,[8][9][10] which was founded in 2014 by David Li and Jason Hu. As of 2019, BIGO Technology is owned by Joyy. Joyy completed the acquisition of BIGO Technology in March 2019.[11]

Likee

Likee (formerly LIKE) is a short video creation and sharing app, available for iOS and Android operating systems.[12][13][14]

YY.com

YY is a major Chinese video-based social network, a subsidiary of JOYY.[15]

See also

References

  1. ↑ "JOYY Inc. (YY) Company Profile & Facts". Yahoo Finance. Retrieved 2020-07-03.
  2. ↑ Qu, Tracy (17 April 2020). "Singapore-based Likee, led by a former factory worker, is gaining ground on TikTok". South China Morning Post. Archived from the original on 2020-07-03. Retrieved 2020-06-30 – via Yahoo News.
  3. ↑ "中国ネット企業YYが米ナスダックに上場、株価一時12%高". Reuters (in 日本語). 2012-11-21. Retrieved 2022-01-06.
  4. ↑ "YY Announces Completion of Acquisition of BIGO | JOYY Inc". ir.yy.com. Archived from the original on 2020-06-30. Retrieved 2020-06-30.
  5. ↑ "中国最大のライブストリーミングアプリ「YY(歓衆時代)」運営、シンガポールの動画サービススタートアップBigoを14.5億米ドルで完全買収 | BRIDGE(ブリッジ)テクノロジー&スタートアップ情報". thebridge.jp (in 日本語). 2019-03-10. Retrieved 2022-01-06.
  6. ↑ Inc, JOYY (2019-12-23). "JOYY Inc. Announces Name Change Effectiveness". GlobeNewswire News Room. Retrieved 2022-01-06.
  7. ↑ "Baidu(百度)、ライブストリーミングの「YY Live(YY 直播)」を36億米ドルで買収へ | BRIDGE(ブリッジ)テクノロジー&スタートアップ情報". thebridge.jp (in 日本語). 2020-11-17. Retrieved 2022-01-06.
  8. ↑ "Why young Indians are live streaming on social media?". BBC News. 5 August 2019.
  9. ↑ BIGO Technology
  10. ↑ "Video app TikTok's India download ban worries wider tech industry". Reuters. 17 April 2019.
  11. ↑ "YY completes Bigo acquisition to expand overseas reach". Technode.
  12. ↑ "Likee to pay you for bringing friends on board". The Siasat Daily. 11 August 2019.
  13. ↑ "NSW digital driver licences now available on smartphones". The Daily Telegraph. 29 October 2019.
  14. ↑ Paul Barnwell (11 September 2019). "What parents need to teach kids about deepfake videos". The Washington Post.
  15. ↑ Fool, Contributor Leo Sun The Motley. "Tencent Gains Control of Huya: What Does This Mean for JOYY?". www.nasdaq.com. Retrieved 2020-06-30.



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