What is YY?
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.
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.