YY.com

JOYY Inc. Announces Additional Quarterly Cash Dividend

Retrieved on: 
Friday, November 20, 2020
Finance, Money, Dividends, Corporate finance, Video hosting, Shareholders, YY.com

GUANGZHOU, China, Nov. 20, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today announced that, in order to further demonstrate the Companys solid cash balance and the ability to consistently generate strong cash flow, in addition to the quarterly dividend policy previously approved by the Companys board of directors in August 2020, the Companys board of directors approved an additional quarterly dividend policy for the next three years commencing immediately.

Key Points: 
  • GUANGZHOU, China, Nov. 20, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today announced that, in order to further demonstrate the Companys solid cash balance and the ability to consistently generate strong cash flow, in addition to the quarterly dividend policy previously approved by the Companys board of directors in August 2020, the Companys board of directors approved an additional quarterly dividend policy for the next three years commencing immediately.
  • Under such policy, the total cash dividend amount expected to be paid will be approximately US$200.0 million and quarterly dividend will be set at a fixed amount of approximately US$16.67 million in each fiscal quarter.
  • Aggregating such quarterly cash dividend under this newly adopted quarterly dividend policy with the quarterly cash dividend announced on November 16, 2020, the Companys board of directors has declared a cash dividend in the aggregate amount of US$0.51 per ADS, or US$0.0255 per common share, for the third quarter of 2020.
  • JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience.

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against JOYY, Inc.

Retrieved on: 
Friday, November 20, 2020
Video hosting, YY.com, Websites, World Wide Web

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ).

Key Points: 
  • NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ).
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • On November 18, 2020, Muddy Waters Research published a report entitled YY: You Cant Make This Stuff Up.
  • Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

Retrieved on: 
Thursday, November 19, 2020
Legal, Professional services, Financial markets, Finance, Video hosting, YY.com, Equity securities, Depositary receipts, Stock market, American depositary receipt, ADSS, NASDAQ, Lluís Companys, Security

Law Offices of Howard G. Smith announces an investigation on behalf of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) investors concerning the Companys possible violations of federal securities laws.
  • On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up.
  • On this news, JOYY American depositary shares ("ADSs") price fell $26.53 per ADS, or 26%, to close at $73.66 per ADS on November 18, 2020.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

Retrieved on: 
Thursday, November 19, 2020
Legal, Professional services, Financial markets, Finance, Video hosting, YY.com, Depositary receipts, Equity securities, American depositary receipt, ADSS, NASDAQ, Lluís Companys, Security

The Law Offices of Frank R. Cruz announces an investigation of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) on behalf of investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) on behalf of investors concerning the Companys possible violations of federal securities laws.
  • On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up.
  • On this news, JOYY American depositary shares ("ADSs") price fell $26.53 per ADS, or 26%, to close at $73.66 per ADS on November 18, 2020.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of JOYY Inc. (YY) on Behalf of Investors

Retrieved on: 
Thursday, November 19, 2020
Legal, Professional services, Video hosting, YY.com, Whistleblower, Articles, Human rights, Websites

Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) investors concerning the Companys possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of JOYY, Inc. (JOYY or the Company) (NASDAQ: YY ) investors concerning the Companys possible violations of the federal securities laws.
  • On November 18, 2020, Muddy Waters Research published a report entitled "YY: You Can't Make This Stuff Up.
  • Whistleblower Notice: Persons with non-public information regarding JOYY should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.
  • Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation.

JOYY Inc. Shareholder Alert: Investors With Losses Greater Than $100,000 Encouraged to Contact Kehoe Law Firm, P.C.

Retrieved on: 
Thursday, November 19, 2020
Video hosting, YY.com, Securities fraud, Securities Class Action, Law, Websites, Articles

is investigating potential securities claims on behalf of investors of JOYY Inc. (JOYY or the Company) ( NASDAQ: YY ) to determine whether the Company engaged in securities fraud or other unlawful business practices.

Key Points: 
  • is investigating potential securities claims on behalf of investors of JOYY Inc. (JOYY or the Company) ( NASDAQ: YY ) to determine whether the Company engaged in securities fraud or other unlawful business practices.
  • INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF JOYY INC. AND SUFFERED LOSSES GREATER THAN $100,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRMS SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT.
  • , with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.
  • Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

Retrieved on: 
Thursday, November 19, 2020
Legal, Professional services, Video hosting, Lawsuits, Securities Class Action, Stock market, YY.com, Securities regulation in the United States, Websites, Law, Service industries

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JOYY Inc. (JOYY or the Company) (NASDAQ: YY ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JOYY Inc. (JOYY or the Company) (NASDAQ: YY ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • JOYY is the subject of a report by Muddy Waters Research released on November 18, 2020.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

JOYY Refutes Muddy Waters’ Report

Retrieved on: 
Thursday, November 19, 2020
Video hosting, YY.com, Muddy Water, Muddy, Websites, World Wide Web, Creative works

GUANGZHOU, China, Nov. 19, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today issued the following statement in response to allegations made in a report by Muddy Waters.

Key Points: 
  • GUANGZHOU, China, Nov. 19, 2020 (GLOBE NEWSWIRE) -- JOYY Inc. (Nasdaq: YY) (JOYY or the Company), a global video-based social media platform, today issued the following statement in response to allegations made in a report by Muddy Waters.
  • Yesterday, Muddy Waters issued a short seller report on JOYY, causing anxiety and market disturbance, leading to abnormal share price movements.
  • The Company believes that the report contains numerous errors, unsubstantiated statements, and misleading conclusions and interpretations regarding information relating to the Company.
  • Muddy Waters report shows its lack of a basic understanding of the live streaming industry in China.

JOYY INC (NASDAQ: YY) DROPS SIGNIFICANTLY ON MUDDY WATERS REPORT: Labaton Sucahrow Announces New Investigation of JOYY Inc. and Strongly Encourages Investors With Losses to Contact the Firm

Retrieved on: 
Wednesday, November 18, 2020
Legal, Professional services, Musicians, Guitarists, Blues, Video hosting, YY.com, YY, Muddy Waters, Fraud

On November 18, 2020, Muddy Waters announced that it is short JOYY (NASDAQ: YY ), calling it fraudulent.

Key Points: 
  • On November 18, 2020, Muddy Waters announced that it is short JOYY (NASDAQ: YY ), calling it fraudulent.
  • Muddy Waters report notes: We are short JOYY Inc. (YY) because we conclude that YY is a multibillion-dollar fraud.
  • Changing our base case assumptions to more company-favorable / conservative assumptions yields consolidated fraudulent revenue of approximately 73%.
  • Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at www.labaton.com .

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against JOYY Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

Retrieved on: 
Wednesday, November 18, 2020
Legal, Professional services, Video hosting, Lawsuits, Securities Class Action, Stock market, YY.com, Securities regulation in the United States, Websites, Law, Service industries

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JOYY Inc. (JOYY or the Company) (NASDAQ: YY ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JOYY Inc. (JOYY or the Company) (NASDAQ: YY ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • JOYY is the subject of a report by Muddy Waters Research released on November 18, 2020.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.