JOYY Sees Pre-Market Trading Increase on Wednesday

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JOYY ($NASDAQ:YY) Inc. is a holding company that operates through its subsidiaries. The company offers live streaming and social media platforms. It operates through the following segments: YY Live, Bigo Live, HAGO, and Other Apps. The YY Live segment offers live streaming products. The Bigo Live segment provides a live streaming platform.

The HAGO segment offers a social gaming platform. The Other Apps segment includes a group of social media applications. JOYY Inc. saw a 2.69% increase in premarket trading Wednesday. The company’s stock has been on the rise lately, and investors are optimistic about its future prospects. With strong growth prospects, JOYY Inc. is a stock to watch.

Market Price

JOYY Inc., a leading live streaming and social media platform in China, saw its pre-market trading increase on Wednesday. The company’s stock opened at $25.8 and closed at $26.7, up by 0.5% from its last closing price of $26.5. The company’s live streaming business has been growing rapidly, thanks to the popularity of its flagship app, YY Live. The app allows users to watch live streams of various events, including gaming, music, and other entertainment. JOYY is also seeing increasing growth in its social media business.

Bigo Live allows users to interact with each other through live video and audio chat. The company’s strong performance in the pre-market is a positive sign for its future prospects. JOYY is well-positioned to capitalize on the growing popularity of live streaming and social media in China.

VI Analysis

The company operates in the social media and online video space, with a focus on live streaming content. The company’s fundamentals reflect its long term potential, and based on VI’s Risk Rating, JOYY INC is a medium risk investment in terms of financial and business aspects. The company has two risk warnings in its income sheet and cashflow statement. Despite the risks involved, investing in JOYY INC could be a lucrative opportunity for investors looking to tap into the growing social media and online video space.

VI Peers

The company operates a number of online platforms, including Youku Tudou, YY Live, and Bigo Live. JOYY Inc‘s main competitors are Grom Social Enterprises Inc, IL2M International Corp, and Lizhi Inc. All three companies are based in the United States.

– Grom Social Enterprises Inc ($NASDAQ:GROM)

Grom Social Enterprises Inc is a social media company that operates in the children’s market. The company has a market capitalization of 6.82 million and a return on equity of -24.49%. The company’s products and services are aimed at children and families. The company was founded in 2010 and is headquartered in Boca Raton, Florida.

– IL2M International Corp ($OTCPK:ILIM)

IL2M International Corp is a publicly traded company with a market cap of 366.35k as of 2022. The company has a Return on Equity of 1203.09%. IL2M International Corp is a holding company that operates in the e-commerce, digital media, and entertainment industries. The company was founded in 2006 and is headquartered in Los Angeles, California.

– Lizhi Inc ($NASDAQ:LIZI)

Lizhi Inc. is a leading audio content platform in China with over 10 years of experience. The company has a market cap of 21.24M as of 2022 and a Return on Equity of 1.81%. Lizhi Inc. provides an innovative and convenient way for people to listen to audio content and connect with others. The company’s mission is to use the power of audio to bring people together and make the world a more connected place.

Summary

Investing in JOYY Inc. can be a smart move for any investor looking to get involved in the social media sector. The company operates two of China’s most popular social media and live streaming platforms, Youku and YY Live. This user growth has been driven by the continued rise of live streaming in China, as well as the company’s aggressive expansion into new markets. In addition to its strong user growth, JOYY is also benefiting from a shift in how advertisers are spending their money.

Advertisers are increasingly moving away from traditional television and towards digital platforms like Youku and YY Live. This shift is being driven by the fact that digital platforms offer more targeted advertising opportunities and better ROI for advertisers. JOYY is well-positioned to capitalize on these trends, and its stock is a good way to play the growing social media sector in China.