YY CEO Li Xueling (front left two) with employees
the "Forbes" magazine online edition published today signed Tuomiao Geron (Tomio Geron) · the article said, although known as the "copycat" nation, but in the China Internet industry, there are still some enterprises in silent innovation. Play YY is one of the typical sample, the company has diversified income sources and unique product model to attract a large number of users, and is expected to compete in the international market.
below is the full text of the article:
not eager to market
in the eyes of most Westerners, the Chinese science and technology industry is lack of creative start-up companies. It is inferred that China’s most important scientific and technological products are Groupon, Twitter and Pinterest cottage version.
but in fact, there are still a lot of technology startups in China that are not known to the West in the field of innovation, from the virtual goods in Asia is a great example. YY is a 310 million registered users of the enterprise, which is engaged in business with the U.S. market has been very different products. For example, Napster co-founder Sean · (Sean) and · Paker; (Sean) last week, then continued to the front, launched a video chat startups Airtime, and sparked widespread concern in the, Fanning. But YY has already released a similar video chat technology.
YY was founded in 2005, owns the game portal site warcry. In 2008, the company launched the YY game voice software, easy to play the game in the game Daguai or cooperate to complete the task, the voice and text chat. But the company then broke through the field of gaming, into a larger social communication platform, increased streaming video, and attracted 310 million registered users and active users in 60 million months.
YY co-founder and CEO Li Xueling said that the Guangzhou based company was profitable last year, is expected this year will continue to profit. His business partner Lei is a famous investor, founder of millet mobile phone. YY is from the capital, Ventures, GGV Steamboat star Capital and tiger global partnership company received a $95 million investment, but because the company carrying more than 100 million U.S. dollars in cash, so the money is basically intact. There are rumors that YY is preparing for the IPO (IPO). Li Xueling said that this is indeed a choice, but YY is not eager to market. "Don’t worry about the market now, because we’ve made a profit." He said.