Stock Track | JOYY Inc. Soars 12.3% in Pre-Market on $2.1 Billion Sale of YY Live Streaming Business to Baidu

Stock Track

Feb 25, 2025

JOYY Inc. (NASDAQ: YY), a global technology company, saw its shares surge over 12% in pre-market trading on Tuesday. The sharp rise was primarily driven by the company's announcement of selling its video-based entertainment live streaming business in mainland China, known as YY Live, to Baidu Inc. for approximately $2.1 billion in cash.

The sale marks a significant strategic move for JOYY, as it divests a major part of its operations in China. The company had previously received around $1.86 billion in cash from the same deal back in February 2021, and on Tuesday, it received an additional $240 million, completing the transaction.

This transaction not only provides JOYY with a substantial cash influx but also allows the company to focus on its other social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, and instant messaging services. JOYY aims to leverage this strategic shift to enrich lives through technology on a global scale.

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(NASDAQ: YY), a global technology company, saw its shares surge over 12% in pre-market trading on Tuesday. The sharp rise was primarily driven by the company's announcement of selling its video-based entertainment live streaming business in mainland China, known as YY Live, to Baidu Inc. for approximately $2.1 billion in cash.</p>\n\n<p>The sale marks a significant strategic move for JOYY, as it divests a major part of its operations in China. The company had previously received around $1.86 billion in cash from the same deal back in February 2021, and on Tuesday, it received an additional $240 million, completing the transaction.</p>\n\n<p>This transaction not only provides JOYY with a substantial cash influx but also allows the company to focus on its other social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, and instant messaging services. 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Soars 12.3% in Pre-Market on $2.1 Billion Sale of YY Live Streaming Business to Baidu\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-25 19:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JOYY Inc. (NASDAQ: YY), a global technology company, saw its shares surge over 12% in pre-market trading on Tuesday. The sharp rise was primarily driven by the company's announcement of selling its video-based entertainment live streaming business in mainland China, known as YY Live, to Baidu Inc. for approximately $2.1 billion in cash.</p>\n\n<p>The sale marks a significant strategic move for JOYY, as it divests a major part of its operations in China. The company had previously received around $1.86 billion in cash from the same deal back in February 2021, and on Tuesday, it received an additional $240 million, completing the transaction.</p>\n\n<p>This transaction not only provides JOYY with a substantial cash influx but also allows the company to focus on its other social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, and instant messaging services. 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