Category: <span>joyy</span>

Snow Lake Capital’s founder ups stake by $100m in Joyy post Muddy Waters report

Sean Ma said that Muddy Waters’ reports have been “very poor” in the past few years. Source link

After the report was released on November 18, Joyy’s stocked dropped US$26.53 per share to close at US$73.66. Source link

The company said it is open to cash verification and diligence to be conducted by competent third-party advisers. Source link

The report comes shortly after Baidu agreed to acquire YY Live in a US$3.6 billion deal. Source link

The development comes after Tencent acquired 30 billion class B shares of Joyy’s Twitch-like service Huya in an US$810 million…

As part of the deal, the Chinese search engine giant will take over livestreaming app YY, including its content operations,…

The company has more under its sleeve other than a livestreaming app. It’s also a magnet for controversy. Source link

The investment is significant because it involves two trends that are taking hold of Southeast Asia’s ecommerce industry. Source link