Huanju Times YY Inc. (NASDAQ: YY) (formerly Duwan) was established in April 2005 and is headquartered in Guangzhou, Guangdong Province, China. It has 3317 full-time employees and is a rich communications business operator. The company has a chat tool YY (yy.com, with 400 million registered users) and a multi-play game operation platform (duowan.com).
Huanju Times (YY):
Huanju Times is the world’s first enriched communications service operator, currently China’s largest Internet language platform provider, and the world’s largest team voice provider. It is committed to providing the world with a social innovation platform for comprehensive enriched communications services. Huanju The era is full of youthful passion, uses innovative technology, and aims to create a rich communication network covering the world.
Huanju Times has always been to change people’s communication methods as its mission, using information technology to restore people’s most primitive ways of communication. The company develops steadily and rapidly, constantly innovating technology, through YY voice, multiplay game network, YY game operation, YY education, YY Entertainment and other platforms enable people to freely use text, voice, video and other comprehensive means of communication technology through visual, auditory, even touch, smell and other channels, leading the forward development of Rich Communication. There are currently 770 million registered users and 100 million monthly active users.
Huanju Times is headquartered in Guangzhou, Yangcheng. It also sets up Zhuhai branch, Beijing branch and Shanghai branch for strategic deployment. More than 70% of the company’s employees are R&D personnel. The professional R&D center provides comprehensive protection for the company’s products. The company is technically The coverage includes IM basic technology, audio and video basic technology, server data processing technology, design interface and other fields.
2015-7-9: YY announced this morning that it has received a $68.50 per share takeover offer from the CEO, which is a premium of about +17% compared to yesterday’s closing price. YY has soared 5.5% before the market today. Since June, more than a dozen Chinese concept stocks such as Momo , Qihoo 360 and Dangdang have received privatization invitations.
Huanju Times YY Investment Reference:
Huanju Times received the third round of financing of 100 million US dollars in January 2011. Prior to this, the company had raised nearly 27 million US dollars, and then IPO on the Nasdaq Stock Exchange on November 21, 2012, issuing 7.8 million ADS ( 1 ADS=20 ordinary shares), the IPO price is $10.5/ADS, and the financing is $81.9 million. The underwriters are Morgan Stanley, Deutsche Bank, and Citigroup.