Joyy

Chinese video-based social network.

Launch date

Apr 2005

Employees

1001-5000 people

Market cap

Enterprise valuation

(CAD881m) (Public information from Sep 2024)

Guangzhou Guangdong (HQ)

https://www.linkedin.com/company/yy-inc https://apps.apple.com/app/id1104077718 https://play.google.com/store/apps/details?id=com.duowan.mobile.gp

Revenues, earnings & profits over time

CNY	2019	2020	2021	2022	2023	2024	2025
Revenues	3.7b	2.0b	19.0b	17.5b	16.5b	16.7b	17.7b
% growth	317 %	(45 %)	841 %	(8 %)	(6 %)	1 %	6 %
EBITDA	246m	(340m)	(151m)	1.2b	2.6b	-	-
% EBITDA margin	7 %	(17 %)	(1 %)	7 %	16 %	-	-
Profit	492m	1.5b	(584m)	937m	2.2b	-	-
% profit margin	13 %	73 %	(3 %)	5 %	13 %	-	-
R&D budget	362m	321m	2.0b	1.9b	2.1b	-	-
R&D % of revenue	10 %	16 %	11 %	11 %	13 %	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Feb 2007	5Y Capital	N/A	Series A
Aug 2008	Steamboat Ventures	N/A	Series B
Dec 2009	Steamboat Ventures Notable Capital	N/A	Series C
Nov 2012	Notable Capital	N/A	Growth Equity VC
Nov 2012	N/A	N/A	IPO
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

By Country

China 10 Singapore 1 United States 1

By Industry

Media 2 Gaming 2 Dating 1 Telecom 1 Education 1 Home Living 1 Food 1 Enterprise Software 1

By Round

ANGEL 3 SERIES B 2 SERIES A 2 SERIES D 2 ACQUISITION 1 LATE VC 1 EARLY VC 1 SERIES C 1

ACQUISITION by Momo Feb 2018

Xingshuai Teach

Bigo Technology

ACQUISITION by Joyy Mar 2019

Sandbox Network Technology

Zaodao Aangxiao