Why Investors Should Keep JOYY on Their Watchlist
JOYY (NASDAQ: YY) runs leading live video streaming platforms in China and overseas. It also owns a majority stake in Huya (NYSE: HUYA), a top video game streaming platform in China. In the last 12 months, JOYY's stock price has fallen by 38% amid declining earnings. But despite the swoon in its share price, we've found three reasons why investors should still like the company.
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JOYY, through YY, owns one of the largest live video streaming platforms in China, YY Live, with 39.9 million mobile monthly active users (MAUs). On its platform, viewers can access a variety of content performed by hosts (such as music and dance shows, talk shows, sports, games, and more) for free. In return, YY gets revenue by letting viewers purchase virtual gifts to reward their favorite hosts.
Source Fool.com
