JOYY Inc.

JOYY is a global technology company that enriches lives through technology by bridging social interaction, programmatic advertising, and omnichannel smart commerce using its proprietary technology stack. The company is a leader in the global social entertainment sector, enabling people to connect, discover interests, and share experiences through photos, audio, and videos via its social product matrix and communication technology. As of the fourth quarter of 2025, JOYY served a global user base of 272.1 million monthly active users across North America, Europe, the Middle East, Southeast Asia, and other regions. Its diverse product matrix includes live streaming, short videos, instant messaging, and casual games. Several of its social apps ranked among the Top 10 in consumer spending in various operating regions, according to data.ai. JOYY is evolving from a specialized social entertainment platform into a globally diversified technology ecosystem. The company is expanding its offerings beyond social entertainment into new markets and actively scaling its B2B technology stack. This led to a strategic expansion of non-live streaming revenues in 2025, primarily from advertising and smart commerce. In 2025, total non-livestreaming revenue increased by 32.2% year over year, contributing 28.0% of total group revenue, up from 20.1% in the prior year. The company's full-stack synergies are derived from the interconnectivity of its social data, advanced advertising algorithms, and comprehensive smart commerce solutions. Bigo Live is a core global social live streaming platform, providing an interactive online stage for users to host and watch live streams, share moments, showcase talents, and interact globally.