Social video platform Joyy reported 21% increase YoY in its global average mobile monthly active users, which reached 457.1 million and 91.0% come from markets outside of China.
Founded in April 2005 and headquartered in Guangzhou, Joyy Inc. 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 delivers a variety of services such as YY Live, Huya, imo, 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 has over 7,000 employees in JOYY Group, and 65% of them are engineers.
Fortune China recently released the Fortune 500 list for 2020, which takes into account the performance and achievements of the world’s largest listed Chinese companies in the past year.
Bytedance’s TikTok is the most popular mobile app in the first half of 2020 in the global markets outside China with close to 600 million downloads with an increase of 88.7% YoY. Half of the Top 20 are owned by three Chinese companies: Bytedance, Joyy, and Kuaishou (Kwai). Xiaomi’s app made it to Top 10. […]