YY.com

YY
Type of site	Online chat, streaming media
Available in	Chinese, Vietnamese
Traded as	Nasdaq: YY
Owner	JOYY
URL	yy.com
Registration	Optional
Launched	2012; 12 years ago
Current status	Active

YY is a major Chinese video-based social network, a subsidiary of JOYY.^[1] It features a virtual currency which users earn through activities such as karaoke or creating tutorial videos and which is later converted to real cash. Launched in 2005 as duowan.com (Nasdaq: YY), it originally targeted gamers, before broadening to include video streaming and chat features for uses such as concerts, fashion and sports. Users exchange "virtual roses" as a form of currency, with top users said to earn as much as $20,000 per month.^[2]^[3] In November 2012, YY was listed on the NASDAQ.^{[citation needed]}

The website was originally known as YY Voice (Chinese: 语音). On 24 November 2014, YY's video streaming service began operating independently as Huya Live.^[4]^[5]

On 18 November 2020, MuddyWatersResearch released a report claiming fraud in the financial and public reporting of JOYY Inc.^[6]^[7] leading to a significant decrease in the value of its shares.^{[citation needed]}

References

^ Fool, Contributor Leo Sun The Motley. "Tencent Gains Control of Huya: What Does This Mean for JOYY?". www.nasdaq.com. Retrieved 30 June 2020. {{cite web}}: |first= has generic name (help)
^ Leydon, Joe, "Film Review: ‘People’s Republic of Desire’ : Documentarian Hao Wu examines a unique form of digital interaction in contemporary China.", Variety, 15 March 2018
^ "YY.com: China's Unique Real-Time Voice And Video Service With A Virtual Goods Twist". Forbes. 11 June 2012. Retrieved 21 November 2012.
^ 种昂 (1 February 2018). "虎牙直播改道上市背后玄机引发业界猜疑". 经济观察网 (in Chinese). Retrieved 27 February 2018.
^ "呕心沥血经营这么久的虎牙直播，YY还是把它给卖给了腾讯！" (in Chinese).
^ "MW is Short Joyy Inc. (YY US)". Muddy Waters Research. Retrieved 19 December 2020.
^ "Why Carson Block Says China's Joyy Is a 'Fraud' and a 'Zero' - YouTube". www.youtube.com. Retrieved 19 December 2020.

External links

Official website

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[1] Fool, Contributor Leo Sun The Motley. "Tencent Gains Control of Huya: What Does This Mean for JOYY?". www.nasdaq.com. Retrieved 30 June 2020. {{cite web}}: |first= has generic name (help)

[VARIETY-2] Leydon, Joe, "Film Review: ‘People’s Republic of Desire’ : Documentarian Hao Wu examines a unique form of digital interaction in contemporary China.", Variety, 15 March 2018

[3] "YY.com: China's Unique Real-Time Voice And Video Service With A Virtual Goods Twist". Forbes. 11 June 2012. Retrieved 21 November 2012.

[4] 种昂 (1 February 2018). "虎牙直播改道上市背后玄机引发业界猜疑". 经济观察网 (in Chinese). Retrieved 27 February 2018.

[5] "呕心沥血经营这么久的虎牙直播，YY还是把它给卖给了腾讯！" (in Chinese).

[6] "MW is Short Joyy Inc. (YY US)". Muddy Waters Research. Retrieved 19 December 2020.

[7] "Why Carson Block Says China's Joyy Is a 'Fraud' and a 'Zero' - YouTube". www.youtube.com. Retrieved 19 December 2020.