JOYY Inc. is a leading global video-based social media platform that was founded in April 2005. The company is listed on the NASDAQ and has a strong presence in various sectors including live streaming, short form video, social networking, e-commerce, education, and Internet finance. Its acquisition of BIGO in March 2019, with a market valuation of US$2.1B, has further solidified its position in the market.
With a workforce of over 7,000 employees, 65% of whom are engineers, JOYY is committed to its mission of "Connect People and Enrich Their Lives Through Video." The company is focused on two core strategies - "Globalization" and "Artificial Intelligence." Their goal is to accelerate globalization efforts and become a global leader in the video-based social media space. Additionally, they aim to transform into a technology company, leveraging artificial intelligence to enhance user interactions and experiences.
The company's headquarters is located in Singapore, and it received a significant $1.00B post-IPO debt investment in June 2019. With a focus on continuously upgrading technological capabilities and expanding international influence, JOYY Inc. is poised to become a characteristic and globalized enterprise in China’s Internet industry.
