YY Inc (ADR) (NASDAQ:YY) Zooms Up By 6.63% On Friday
In Friday’s trading, YY Inc (ADR) (NASDAQ:YY) rose by 6.63%. The opening price of the shares was $47.67, which climbed to an intraday high of $50.30 and dipped to a close of $50.00. Approximately 2.65 million shares were traded on Friday while an average volume of 1.78 million shares were traded over a 30 day period. The 52-week low of YY Inc (ADR) (NASDAQ:YY) shares is $10.50 and its 52-week high is $51.50. The company has a market capitalization of $2.73 billion.
About the company
YY Inc (ADR) (NASDAQ:YY) was incorporated on 22 July 2011. It is a communication social-platform that engages users in various online group-activities via voice, video and text. The company’s platform is composed of the YY Client, YY.com and Duowan.com Web-portals as well as Mobile YY. It sells online-advertisements to numerous game-developers in the form of text-links, banners, logos, buttons and videos on Duowan.com.
YY.com is YY Inc (ADR) (NASDAQ:YY)’s portal site. It offers users and visitors a centralized-location where users can navigate, learn about and access varied information. Via YY.com, the company’s user-community can download latest versions of Mobile YY and YY Client applications. It mainly generates revenue by paying users of the online Web games, YY-Music as well as via membership. In 2012 October, the company launched Web-based YY. This is a version of the YY Client. It allows users to conduct real time interactions online with the use of a flash plug-in. It does not require any download or installation.
On 12 March 2012, YY Inc (ADR) (NASDAQ:YY) acquired the majority assets of an Internet-service company. This company is involved in operating an Internet-platform.
YY Inc (ADR) (NASDAQ:YY)’s channels include music, games, education, talk-shows, literature, finance and conference calls. The YY Client is YY Inc (ADR) (NASDAQ:YY)‘s personal computer-based user-software