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YY is the facebook for China and much better with more content for the Chinese people to play with.
YY Inc. (YY) is a communication social platform, which engages users in online group activities through voice, text and video. YY’s platform consists of YY Client, the YY.com and Duowan.com Web portals and Mobile YY. The Company sells online advertisements to major game developers in the form of banners, text-links, videos, logos and buttons on Duowan.com. YY.com is its portal site that offers visitors and the users a centralized location where the users can learn about, navigate and access. The Company primarily generates revenues from paying users of online Web games, YY Music and membership. In October 2012, it launched Web-based YY, a version of YY Client that enables users to conduct real-time interactions on the Web using a flash plug-in without requiring any downloads or installations. On March 12, 2012, the Company acquired a majority of the assets of an Internet service company, which is in the business of operating an Internet platform.
China's exposure to the Internet and tech tools is increasing
Another Chinese social networking site that's counting on in-game token sales to fuel revenue growth (it accounts for almost two-thirds of revenues now). Whatever gains it enjoys now will be short-lived. Expect to see this one crash and burn sooner rather than later.
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