YY Inc.

Joyy Group (JOYY Inc.) was founded by Mr. Li Xueling. The Group was established in April 2005 and listed on Nasdaq in November 2012. Starting from pan-entertainment live streaming, the Group incubated e-sports game live streaming, and deeply expanded into e-commerce, finance and other industries, enhancing a new technology engine with artificial intelligence as the core. It is a comprehensive and innovative global technology Internet company. The Group deeply localizes its product content and social ecosystem, continuously building a global community for users based on interest-driven social interaction, achieving healthy and sustainable growth of global business and creating greater value for users. The Group has successively incubated audio and video products in different fields: YY Live for pan-entertainment, Huya Live for gaming and e-sports, Bigo Live for global live streaming, Likee for global short videos, Hago, a star product for overseas interactive social networking, and has strategically invested in Shopline, a global e-commerce smart website building platform, to deeply expand into the e-commerce industry.
The Group currently employs over 7,000 people, with R&D personnel accounting for 65% of the total. In 2020, the Group was listed on the Fortune China 500, and in 2021, the Group's revenue reached RMB 16.902 billion, a year-on-year increase of 36.5%.
Joyy Group focuses on technological innovation. As of December 2021, Joyy Group had filed over 4,176 patent applications, of which invention patents accounted for more than 87%, and had obtained 1,461 patent grants. At the same time, the Group pays particular attention to global patent layout and has obtained multiple grants, with the total number of invention patent grants ranking among the top 10 Chinese Internet companies.