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YY.com

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YY
Type of site
Online chat, streaming media
Available inChinese, Vietnamese
Traded asNasdaq: YY
OwnerJOYY
URLyy.com Edit this at Wikidata
RegistrationOptional
Launched2012; 14 years ago (2012)
Current statusActive

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. It started as an online gaming and esports platform but transitioned to broader use for livestreaming.[2]: 148  Users exchange "virtual roses" as a form of currency, with top users said to earn as much as $20,000 per month.[3][4] In November 2012, YY was listed on the NASDAQ.[5]

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.[6][7]

On 18 November 2020, MuddyWatersResearch released a report claiming fraud in the financial and public reporting of JOYY Inc.[8] leading to a significant decrease in the value of its shares.[9]

In 2025, Baidu Inc. acquired the YY Live streaming platform from Joyy Inc., for about $2.1 billion.[10]

References

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  1. ↑ Sun, Leo (9 April 2020). "Tencent Gains Control of Huya: What Does This Mean for JOYY?". www.nasdaq.com. Retrieved 30 June 2020.
  2. ↑ Song, Chenyang (2025). Nationalist and Popular Culture Practices on Social Media: A Digital Ethnography of Chinese Online Fandom Nationalists. Bielefeld: Transcript. ISBN 978-3-8376-7926-7.
  3. ↑ Leydon, Joe (15 March 2018). "Film Review: 'People's Republic of Desire' : Documentarian Hao Wu examines a unique form of digital interaction in contemporary China". Variety.
  4. ↑ Geron, Tomio (11 June 2012). "YY.com: China's Unique Real-Time Voice And Video Service With A Virtual Goods Twist". Forbes. Retrieved 21 November 2012.
  5. ↑ "Photo Release -- NASDAQ Welcomes Real-Time Rich Communication Social Platform, YY Inc., to The NASDAQ Stock Market" (Press release). Nasdaq. 21 November 2012. Retrieved 11 August 2026.
  6. ↑ 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.
  7. ↑ "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).[dead link]
  8. ↑ "MW is Short Joyy Inc. (YY US)". Muddy Waters Research. Retrieved 19 December 2020.
  9. ↑ "JOYY INC (NASDAQ: YY) DROPS SIGNIFICANTLY ON MUDDY WATERS REPORT: Labaton Sucahrow Announces New Investigation of JOYY Inc. and Strongly Encourages Investors With Losses to Contact the Firm" (Press release). Labaton Sucharow LLP. Retrieved 11 August 2026 – via Business Wire.
  10. ↑ Savov, Vlad (25 February 2025). "Baidu Buys YY Live Video Streaming Business for $2.1 Billion". Bloomberg. Retrieved 11 August 2026.
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