About YY
YY is a company based in Guangzhou (China) founded in 2005.. YY has completed 1 acquisition, including BIGO. YY operates in a competitive market with competitors including Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, among others.
- Headquarter Guangzhou, China
- Stage Public
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1 B (USD), Post-IPO
Jun 24, 2019
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of YY
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $1.0B
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Post-IPO - YY | Valuation |
investors |
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| Jun, 2012 | Amount | Series D - YY | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in YY
YY has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include GGV Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by YY
YY has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BIGO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Video-based social media platform and related services provider
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - YY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Yy Comparisons
Competitors of YY
YY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Social platform for sharing short videos
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| domain | founded_year | HQ Location |
User-generated videos and content are shared and streamed online.
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| domain | founded_year | HQ Location |
Web and mobile video sharing and streaming platform
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| domain | founded_year | HQ Location |
Music videos are created and shared through a mobile platform.
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| domain | founded_year | HQ Location |
Developer of a short-video platform and technology infrastructure
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| domain | founded_year | HQ Location |
Short videos are shared via a mobile social networking platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Yy
Frequently Asked Questions about YY
When was YY founded?
YY was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Where is YY located?
YY is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
What does YY do?
YY group is an online social entertainment platform that engages users through audio and video in a wide range of online group activities, with a capacity to support over one million participants concurrently. YY.com is a Chinese video-streaming site that lets amateur performers provide live shows and connect with fans online. Users can send messages and virtual gifts to performers, which can be redeemed by the performers for real money. Also has a VIP membership which adds prominence to those users messages and gifts. The group started with online games and gradually expanded into music and entertainment, live game broadcasting and online dating show, as well as into non-entertainment categories such as education and finance. Was listed on the NASDAQ in November 2012 and generated over 593M revenues and 174M operating profit in the financial year of 2014.
Who are the top competitors of YY?
YY's top competitors include Kuaishou Technology, YouTube and Dailymotion.
How many acquisitions has YY made?
YY has made 1 acquisition, including BIGO.
Who are YY's investors?
YY has 1 investor. Key investors include GGV Capital.
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