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Company Profile

What is YY?

YY is a revolutionary rich communication social platform that engages users in real-time online group activities through voice, text and video. With the capacity to support over one million participants concurrently, our platform allows users to create and organize groups of varying sizes to discover and participate in a wide range of online group activities, such as karaoke, online games, music concert, E-learning covering language, finance, software, and other subjects, live shows and conference calls. YY is the one of the only platforms that delivers high-quality voice and video, which offer users, a large scale community for social interactions and activities, ability to pursue diverse interests opportunities for self-expression and achievement, and high quality of user experience. According to iResearch Report, YY had an 84.2% market share in the real-time online group voice communications market in China in terms of user time spent in 2011.

Products

YY Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY.

YY Client, launched in China in July 2008, is our personal computer, or PC-based user software that provides real-time access to online activities groups, which we refer to as channels.

YY.com is our online portal and guide to channels, events and content available across our platform.

Duowan.com is a dedicated game media website that provides comprehensive information on online games and other resources for users and online game players.

Mobile YY is a version of YY Client that can be accessed through mobile devices that we launched in September 2010. Mobile YY contains the basic functions and services offered on our regular YY Client. Its existing key functions include real-time multi-media messages with delivery status, access to thousands of user-created entertainment channels with numerous entertainment options, and the ability to enter group voice or video-enabled channels.

WeiChang is another mobile application we introduced in October 2012. It is designed to allowing users to sing online through their mobile devices. WeiChang is essentially a mobile karaoke application that provides high-quality musical accompaniment, real-time lyrics display and allows users to evaluate and rank each other’s performances.

Web-based YY is an extension of YY Client which makes YY available to a larger audience because it does not require downloads or installations and can be accessed solely using a web browser. It is launched in September 2012 and contains most of the important features as our existing YY Client other than video functionalities which we expect to launch later in the fourth quarter of 2012.

YY Facts

  • 400.5 million registered user accounts as of September 30, 2012

  • 70.5 million Monthly Active Users and 10.0 million Peak Concurrent Users on YY in the first nine months of 2012

  • On average, each active user spent 51.7 hours on YY Client in September 2012

  • 393.0 billion voice minutes spent on YY Client in the first nine months of 2012 1

  • 1.36 million Peak Concurrent User in a single channel on July 28, 2012, YY's four year anniversary

  • Approximately 18.0 million activations of Mobile YY in the nine months ended September 30, 2012 

1 "Voice minute" means a minute in which the user is using our voice- and video-enabled services, such as listening to or talking on YY channels.

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