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JOYY Inc. (YY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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91.38+0.87 (+0.96%)
At close: 4:00PM EDT

91.38 0.00 (0.00%)
After hours: 4:51PM EDT

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  • b
    b
    A deal with Baidu should get a nice jump in the stock price. We'll see what happens today.
  • I
    Ihor
    What happened today?
  • T
    Tim
    4x annual revenue for the China unit of YY would be around $6B. BIGO is still losing $1.2B / year, so there would be no net profit for JOYY until they monetize BIGO to get it above water. Might be a stock deal, might be cash or a partnership. All good. Let's see.
  • S
    Sasquatch
    Nice dividend to pocket as we get closer to Christmas 🎄. I'll just reinvest it for the long term!
  • A
    Andrea
    Mister Savvy. Any opinions on the Baidu news?
  • F
    Frank B
    How much do people think it’s worth. Hope we a special dividend. Hope it’s billions
  • F
    Frank B
    you think by now we would have an idea how much we're going to get !! Not this stock maybe they'll wait for earnings.
  • C
    Cheng
    Acquired?
  • v
    valuegeek77
    After showing some initial muscle, now sputtering in strong marketwhat a #$%$
  • m
    malcolm
    Is this benefiting from the Joe Biden effect. He has stated we need to work with China. With Trump gone, main risk on this unit is gone. Other China names also perking up, following BABA.
  • J
    JGJ
  • F
    Frank B
    Now that TIK TOK is sold will YY's Big be the new king of the hill in China???? Why an investor conf. in Sept. and what day is it. Sept. has a lot of days.
  • v
    valuegeek77
    YY what a bizarre stock. Every time I buy it craters almost immediately and then after I sell it after few days out of frustration, it suddenly explodes one day
  • S
    Sam
    YY remains a tale of two halves, with strength at Bigo offsetting declines at YY Core. With Bigo set for overseas expansion and the loss ratio continuing to trend in the right direction, the upside potential here is vast.
    YY remains a tale of two halves, with strength at Bigo offsetting declines at YY Core. With Bigo set for overseas expansion and the loss ratio continuing to trend in the right direction, the upside potential here is vast.
    seekingalpha.com
  • v
    valuegeek77
    84 TO 78 IN 2 day! only YY!
  • v
    valuegeek77
    What a dog!

    Market has gone thru the roof and this dog just sits there and goes down without any news
  • T
    Tammy
    Momo hit 52 wk low
    Bullish
  • G
    Gerald
  • G
    Gerald
    JOYY has built a global video-based online platform that has seen an explosion of user growth and engagement recently.
    JOYY has built a global video-based online platform that has seen an explosion of user growth and engagement recently.
    seekingalpha.com
  • f
    freddy
    By Chen Lin and Aradhana Aravindan
    SINGAPORE, Aug 17 (Reuters) - BIGO Technology, a smaller
    rival of embattled Chinese appmaker ByteDance, is shifting
    servers from Hong Kong to Singapore, out of the reach of a new
    national security law at a time when it is seeking to emphasise
    independence from its Chinese parent.
    The move, which follows India's ban on the firm's apps
    during this year's flare-up in hostilities between New Delhi and
    Beijing, comes as the United States toughens scrutiny of
    Chinese-owned firms in one of its most promising markets.
    President Donald Trump has said the United States could
    exert more pressure on China-owned companies after threatening
    to ban ByteDance's popular short-video app TikTok over concerns
    about the safety of the personal data it handles. [nL4N2FH082]
    Bigo, whose equivalent app, Likee, and live streaming app,
    Bigo Live, compete with TikTok, has not been named by U.S.
    authorities, but a senior official of the firm told Reuters it
    hoped "not to be caught in the crossfire."
    "The unfortunate thing is sometimes we can't control what
    other people think," Mike Ong, vice president of government
    relations, said in an interview at the firm's headquarters in
    the city state, where it was founded in 2014.
    Ong said the firm runs "totally independently" of JOYY
    , a U.S.-listed Chinese tech firm that bought it last year
    in a deal valuing Bigo at $2.1 billion. Bigo is an abbreviation
    of "Before I Get Old."
    JOYY's chief executive, Chinese national David Li, is a
    co-founder and chairman of both companies.
    Ong, who worked with Singapore's telecoms regulator before
    joining Bigo late last year, said it does not provide services
    in China, and has its own management, resources and
    infrastructure, including data centres.
    With Hong Kong's new national security law giving Beijing
    authority to demand that companies turn over user data, Bigo,
    like other global tech firms, is moving its servers out of the
    semi-autonomous city.
    "There's a certain apprehension with what's going on in Hong
    Kong," said Ong. "To be safe, we have decided to make sure that
    we relocate them (servers) to Singapore."
    Bigo's biggest data centre capacity is in Singapore, along
    with other markets where it operates, such as India, the United
    States, Europe and the Middle East.
    Still, despite its repeated assertions of independence and
    Singapore origins, India banned it, along with some Chinese
    apps, in June as presenting threats to the South Asian nation's
    "sovereignty and integrity", after a border clash with China.
    India is among Bigo's biggest markets and the base of more
    than a fifth of its global staff of 5,000.
    Bigo said it had appealed to both Singapore and Indian
    governments for help in the matter. Neither immediately
    responded to a request for comment.
    Singapore is among the most popular locations for Chinese
    firms looking to expand overseas, since ethnic Chinese make up a
    majority of its population and Mandarin is widely spoken.
    But even there, Bigo's situation exemplifies the growing
    challenges for firms in a world of increasingly polarised
    technology.
    "The ownership of a company isn't decided by where the
    headquarters is, but who takes the majority share," said
    Xiaofeng Wang, an analyst with research firm Forrester.
    If countries were to ban apps based on politics, companies
    would have few options even if they were separate entities from
    their parents with different brands, she added.
    Asked if the company was looking at listing Bigo,
    diversifying its ownership or selling its U.S. business, Ong
    said it was weighing various scenarios, but declined to give
    details.
    As the coronavirus pandemic forces people to stay home, Bigo
    has become a major growth driver for parent JOYY. Bigo Live has
    seen growth of more than 30% in monthly active users since the
    start of the year, with a corresponding figure of 50% for Likee.
    Europe and North America are the firm's fastest growing
    markets, it said.

    (Reporting by Aradhana Aravindan and Chen Lin; Editing by John
    Geddie and Clarence Fernandez)