11:43 am YY Inc. (YY)
YY Inc. (YY) is trading 8% higher today after reporting Q4 earnings last night. Since YY may not be familiar to many people in the US, a little background would be helpful. YY, which made its IPO debut in November 2012, is a China-based social media company. Most of its business comes from online games and music but they also sell online advertising and they have been recently branching into other verticals, such as online dating and online education (teachers broadcast classes and host small group discussions).
YY's core platform is called YY Client …More