received withdrawal of buyer group’s going private proposal.
received a non-binding "going private" proposal from its Chairman Mr. Jun Lei and its CEO Mr. David Xueling Li, proposing to acquire all of the outstanding shares of YY for US$68.50 in cash per American depositary share (ADS).
launched online dating mobile app Xunhuan.
formed Interactive Entertainment by grouping all gaming-related businesses, i.e. online games, live game broadcasting, and Duowan.com. Overseen by one management team, the enlarged business segment was expected to achieve better cooperation and use of resource.
acquired edu24ol.com, an education website with focus on subjects such as construction engineering, finance and accounting, and medical, for a total cash consideration of RMB 120m (US$ 19m).
acquired Mr. Zhang Ren Qiang and His Partners Education Technology Co., Ltd., an education group specialising in coaching and exam preparation for the IELTS tests.
rebranded live game broadcasting to Huya broadcasting.
released Mobile YY 3.0, a major upgrade in the music and entertainment mobile application.
formed pop girl band 1931.
issued US$400m convertible bonds at a coupon rate of 2.25% due in 2019.
launched a dedicated online education brand – 100 Education.
launched online dating.
collaborated with Hunan TV in the singing competition "Happy Boys".
launched live game broadcasting.
2010 - 2012
YY Inc. was floated on the NASDAQ at a price of US$10.50 per American Depositary Share (ADS) for an initial public offering of 7,800,000 ADSs.
launched web version YY, YY.com
YY Inc. was incorporated in Cayman Island
launched YY Education, pioneering open platform for online education.
launched YY Music
received US$75m investment from Tiger Capital.
YY Client registered users hit 100m
launched mobile application Mobile YY
Duowan.com had 40m registered users and 60m unique visitors.
2005 - 2009
YY Client concurrent users reached 2m.
received capital injection of US$12m from GGV
registered users on Duowan.com exceeded 15m and unique visitors reached 50m.
launched YY Client.
Duowan.com received US$5m from Steamboat Ventures and Morningside Ventures in its second round of funding.
Duowan.com exceeded 20m unique visitors.
Duowan.com completed its first round of funding, received US$3m from Morningside Ventures.
unique visitors on Duowan.com exceeded 10m.
unique visitors on Duowan.com reached 1m.
David Xueling Li founded Duowan.com in Guangzhou, China, received US$1m funding from angel investor Jun Lei.