YY Inc is a leading social media platform based in China, primarily focused on live-streaming services and online entertainment. The company operates several interactive platforms that allow users to engage with content creators through live broadcasts, games, and social networking features. YY Inc provides a space for entertainers, musicians, and gamers to showcase their talents while building communities around their interests. The company's services cater to a diverse audience, fostering user engagement and a vibrant online ecosystem where millions of users connect and share experiences in real-time. Read More
The CNN Money Fear and Greed index showed further decline in overall market sentiment, but it remained in the "Greed" zone on Friday. U.S. stocks closed lower on Friday, with the S&P 500 recording its second-consecutive weekly loss. The S&P 500 lost 0.13% last week, while the 30-stock Dow slipped by 0.02%.
Key Takeaways: Joyy’s $3.6 billion sale of its China livestreaming business to Baidu has collapsed, more than three years after the deal was first announced Joyy stopped including the China livestreaming business in its financial results as early as 2021, and was recasting itself as a Singapore-based livestreaming company
