Corporate overview
Founded in April 2005, Joyy Inc. (“JOYY” or the “Company”) is a leading global video-based social media platform. It was listed on the NASDAQ on November 21, 2012. From live streaming, short form video, social network, e-commerce, education and Internet finance, JOYY develops and deliver a variety of services such as YY LIVE, BIGO LIVE, Likee, HAGO and YY dating.In March 2019, JOYY completed the acquisition of BIGO which had a market valuation of US$2.1B.
JOYY aims at two core strategies, “Globalization” and “Artificial Intelligence”. We commit to accelerate our globalization process and expand our international influence, so as to become a global leading video-based social media platform. In addition, we strive to transform into a technology company taking artificial intelligence as the core, which helps to create more diversified opportunities for users to interact and a better experience for our users.
Today, there are over 7,000 employees in JOYY Group, and 65% of them are engineers. Our mission is to “Connect People and Enrich Their Lives Through Video”. We aim to become a characteristic and globalized enterprise in China’s Internet industry via continuously upgrading our technological advantages and enhancing our influence towards the international.
Mission and vision
Mission: Connect People and Enrich Their Lives Through Video
Vision: Be a leader and innovator in the social media industry
Our history
- Acquired BIGO at a valuation of 2.2 billion US dollar. Changed the name as “Huanjujituan”, and the English name is “Joyy Inc.”
- “Huya”was listed (NYSE: HUYA), its market cap hit over 10 billion in the first year of its IPO
- Launched “Yijian”, an online commerce platform
- A new gaming social platform was built
- BIGO commenced its overseas plan
- Registered users of YY reached one billion
- “100 Education”and “Huya”were officially founded
- Hunan TV assigned “YY”as the official communication platform for the singing competition "Happy Boys"
- YY Group was listed (NASDAQ:YY) and its new brand name “Huanjushidai”was announced at the same time
- Launched YY Education, started a new business in the education domain
- Launched web and mobile version of “YY”, a new star of live streaming industry was born
- YY Client served two million users simultaneously on line
- YY Client was launched
- Unique visitors of “Duowan.com” exceeded 20 million
- Unique visitors of “Duowan.com” exceeded 10 million
- “Duowan.com” was launched
