YY is a major
Chinese video-based
social network
A social network is a social structure consisting of a set of social actors (such as individuals or organizations), networks of Dyad (sociology), dyadic ties, and other Social relation, social interactions between actors. The social network per ...
, a subsidiary of
JOYY. It features a
virtual currency which users earn through activities such as
karaoke or creating tutorial videos and which is later converted to real cash. Launched in 2005 as duowan.com (), it originally targeted gamers, before broadening to include
video streaming and chat features for uses such as concerts, fashion and sports. Users exchange "virtual roses" as a form of currency, with top users said to earn as much as $20,000 per month.
[Leydon, Joe]
"Film Review: ‘People’s Republic of Desire’ : Documentarian Hao Wu examines a unique form of digital interaction in contemporary China."
'' Variety'', 15 March 2018 In November 2012, YY was listed on the NASDAQ.
The website was originally known as YY Voice ( zh, s=语音). On 24 November 2014, YY's video streaming service began operating independently as
Huya Live.
On 18 November 2020, MuddyWatersResearch released a report claiming fraud in the financial and public reporting of JOYY Inc.
leading to a significant decrease in the value of its shares.
References
External links
*
Chinese social networking websites
Video hosting
Internet properties established in 2005
2005 establishments in China
Chinese brands
Chinese entertainment websites
Video game streaming services
Companies listed on the Nasdaq
{{entertainment-website-stub