JOYY has recently sold its Chinese business to Baidu, marking its transformation into a global social media company. With over $6 billion in cash on the balance sheet, JOYY can now accelerate growth o

Why JOYY Stock Jumped Today

03:11pm, Tuesday, 17'th Nov 2020
The Chinese social media specialist reported third-quarter results and a major deal with Baidu.
JOYY's (YY) CEO David Xueling Li on Q3 2020 Results - Earnings Call Transcript
Baidu said on Monday it is acquiring Joyy's live streaming service YY Live in China for $3.6 billion in an all-cash deal as the Chinese internet giant makes further push to diversify beyond its core s
GUANGZHOU, China, Nov. 17, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media platform, today announced its
Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash.
GUANGZHOU, China, Nov. 03, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media platform, today announced tha
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But the aging tech giant still faces an uphill battle against the Gen Z leader.
Social media and live video company Joyy Inc is trading higher on rumors that it could sell part of its business.  What Happened: Chinese media outlet Jiemian reports that  Baidu Inc (NASDAQ: BIDU)
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