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Is China Based YY Inc. (NASDAQ:YY) Stock Just Getting Warmed Up?


YY Inc. (NASDAQ:YY) is based in China and was founded in 2005 as an online social platform, sort of like a mixture between Facebook and Youtube. YY Inc., through its subsidiaries, operates an online social platform that provides numerous services. It engages users in real-time activities through voice, video, and text on PC and mobile.  Also, YY enables users to create and organize groups of various sizes to discover and participate in a range of online activities. YY recently announced 2017 third-quarter results.  

In the third quarter, YY's revenues increased by 48.0% year over year, exceeding the high end of previous guidance range.The growth was primarily attributable to the significant increase in live streaming revenues, which grew by 60.4% year over year. As seen below, we can chart out each of YY Inc. company DATA points. 

YY is a Chinese social platform that lets viewers engage with broadcasters in real-time activities. Viewers can sign up for paid subscriptions to channels or buy virtual gifts for their favorite broadcasters. YY generates revenue by retaining a cut of each sale. The company has also expanded into adjacent markets like e-commerce and the Twitch-like Huya gameplay broadcasting platform.

Furthermore, it operates an education platform, 100.com, which provides various online English courses specializing in the preparation of International English Language Testing System (IELTS) and DuBooker that publishes various teaching materials relevant to language education. Needless to say, YY has its hand in a very big cookie jar.

Mr. Bing Jin, Chief Financial Officer of YY, commented about live streaming, “We continued to deliver robust financial and operating results in the third quarter of 2017.” Mr. David Xueling Li, Chairman and acting Chief Executive Officer of YY added, “Our mobile live streaming monthly active users (MAU) increased by 36.6% year over year to 73.0 million, and our total live streaming paying users increased by 46.5% year over year to over 6.3 million."