Joyy Shares Tumble 26% after Research Firm Calls it “a Multibillion-dollar Fraud”
Shares of Chinese social media and entertainment site Joyy Inc. plunged more than 26% after a research firm accused it of being a “multibillion-dollar fraud”.
Tag: #joyy
Showing 11 of 11 posts with this tag
Baidu Terminates $3.6 Billion Acquisition of YY Live
Delivery conditions have not been fully met, Baidu, Inc. terminates the $3.6 billion acquisition of YY Live.
Three U.S.-Listed Chinese Tech Firms to Seek Secondary Listings in Hong Kong
Three leading Chinese technology firms, Tencent Music Entertainment Group, online retailer Vipshop, and live-streaming platform Joyy, are currently seeking secondary listings in Hong Kong.
1/13/20213 min read
Social Livestreaming Platform Bigo Live Removed From App Store
The social livestreaming platform, Bigo Live, has been removed from the App Store as of April 9. There has been no response from Bigo regarding the matter.
4/9/20232 min read
Joyy Rejects Fraud Claim by Research Firm, Citing Ignorance of China’s Live-stream Industry
Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”
Kuaishou Appoints Jin Bing as CFO, to Report to CEO Cheng Yixiao
Kuaishou, a leading content community in China, appointed Jin Bing as the Chief Financial Officer of the company on Monday.
1/17/20222 min read
Baidu Nearing Deal To Acquire JOYY’s Domestic Operations
Baidu has almost completed negotiations to buy JOYY’s operations in China, according to business digital media Jiemian. The deal excludes JOYY’s overseas business, which is said to continue running independently.
10/26/20202 min read
JOYY Reports 16.8% YoY Revenue Increase in Q4, Driven by Livestreaming
JOYY Inc., a global video-based social media company, on Tuesday announced its unaudited financial results for the fourth quarter and full year of 2021.
3/16/20223 min read
ByteDance Tops Data.ai's List of Chinese Non-Game Publishers by Overseas Revenue
Data.ai on Wednesday released a report on the top 30 Chinese non-game publishers in terms of overseas revenue for March, 2022. The top three spots were again occupied by ByteDance, JOYY and Tencent.
4/14/20222 min read
JOYY's 2021 Q2 Revenue Increases by 39.7% Year-on-Year
Live streaming platform and BIGO owner JOYY announced its unaudited financial results for the second quarter of 2021 on Thursday, showing revenue reaching $662 million, up 39.7% year-on-year.
8/19/20212 min read
Baidu Releases Quarterly Financial Report, Set to Buy JOYY’s Livestreaming Operations in China
On Nov. 17, Baidu released its financial results for the third quarter of 2020, ending on Sept. 30.
11/17/20203 min read