Our milestones

  • 2013 onwards

    2017 September

    launched YY Live 7.0.

    2017 August

    successfully completed a secondary offering and received approximately USD442.2 million in proceeds.

    2017 May

    accounced that Mr. David Xueling Li, the Company's Chairman, assumed the role of acting CEO.

    2017 May

    announced the Company entered into a definitive shares subscription agreement for a US$75 million Series A equity funding round for HUYA Inc., the Huya subsidiary of YY.
    appointed Mr. Bing Jin as the Company's Chief Financial Officer.

    2017 April

    launched Happy Werewolf Kill, a small-room online social game.

    2016 June

    received withdrawal of buyer group’s going private proposal.

    2015 July

    received a non-binding "going private" proposal from its Chairman Mr. Jun Lei and its CEO Mr. David Xueling Li, proposing to acquire all of the outstanding shares of YY for US$68.50 in cash per American depositary share (ADS).

    2015 March

    launched online dating mobile app Xunhuan.

    2014 December

    formed Interactive Entertainment by grouping all gaming-related businesses, i.e. online games, live game broadcasting, and Duowan.com. Overseen by one management team, the enlarged business segment was expected to achieve better cooperation and use of resource.

    2014 December

    acquired edu24ol.com, an education website with focus on subjects such as construction engineering, finance and accounting, and medical, for a total cash consideration of RMB 120m (US$ 19m).

    2014 November

    acquired Mr. Zhang Ren Qiang and His Partners Education Technology Co., Ltd., an education group specialising in coaching and exam preparation for the IELTS tests.

    2014 November

    rebranded live game broadcasting to Huya broadcasting.

    2014 September

    released Mobile YY 3.0, a major upgrade in the music and entertainment mobile application.

    2014 June

    formed pop girl band 1931.

    2014 March

    issued US$400m convertible bonds at a coupon rate of 2.25% due in 2019.

    2014 February

    launched a dedicated online education brand – 100 Education.

    2013 November

    launched online dating.

    2013 July

    collaborated with Hunan TV in the singing competition "Happy Boys".

    2013 February

    launched live game broadcasting.

  • 2010 - 2012

    2012 November

    YY Inc. was floated on the NASDAQ at a price of US$10.50 per American Depositary Share (ADS) for an initial public offering of 7,800,000 ADSs.

    2012 October

    launched web version YY, YY.com

    2011 July

    YY Inc. was incorporated in Cayman Island

    2011 June

    launched YY Education, pioneering open platform for online education.

    2011 March

    launched YY Music

    2011 January

    received US$75m investment from Tiger Capital.

    2010 October

    YY Client registered users hit 100m

    2010 September

    launched mobile application Mobile YY

    2010 February

    Duowan.com had 40m registered users and 60m unique visitors.

  • 2005 - 2009

    2009 November

    YY Client concurrent users reached 2m.

    2009 April

    received capital injection of US$12m from GGV

    2008 December

    registered users on Duowan.com exceeded 15m and unique visitors reached 50m.

    2008 August

    launched YY Client.

    2008 July

    Duowan.com received US$5m from Steamboat Ventures and Morningside Ventures in its second round of funding.

    2007 April

    Duowan.com exceeded 20m unique visitors.

    2007 February

    Duowan.com completed its first round of funding, received US$3m from Morningside Ventures.

    2006 July

    unique visitors on Duowan.com exceeded 10m.

    2005 August

    unique visitors on Duowan.com reached 1m.

    2005 April

    David Xueling Li founded Duowan.com in Guangzhou, China, received US$1m funding from angel investor Jun Lei.

Stock Information

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