Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
02 Janvier 2024 - 12:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission File Number: 001-35729
JOYY
Inc.
30 Pasir Panjang Road #15-31A Mapletree Business
City,
Singapore 117440
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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JOYY INC. |
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By: |
/s/ David Xueling Li |
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Name: |
David Xueling Li |
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Title: |
Chairman and Chief Executive Officer |
Date: January 2, 2024
Exhibit 99.1
JOYY
Announces Latest Development in Sale of YY Live
SINGAPORE,
January 1, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY
Inc.), a global technology company, today announced that the Company received a written notice (the “Notice”) from an affiliate
of Baidu, Inc. (“Baidu”) today purporting to terminate the Share Purchase Agreement, dated November 16, 2020 (as
subsequently amended or supplemented, the “Share Purchase Agreement”), pursuant to which Baidu would acquire JOYY’s
domestic video-based entertainment live streaming business (“YY Live”). While the sale of YY Live to Baidu was substantially
completed on February 8, 2021, with certain matters remaining to be completed in the future, Baidu asserted in the Notice that it
has and exercised the right to terminate the Share Purchase Agreement and effectively cancel the transaction. The Company is seeking
legal advice and will consider all options at its disposal in response to the Notice. The Company expressly reserves all rights.
About JOYY
Inc.
JOYY is a leading
global technology company with a mission to enrich lives through technology. JOYY currently operates several social products, including
Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and
others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY’s ADSs have been
listed on the NASDAQ since November 2012.
Safe Harbor
Statement
This press
release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates” and similar statements. Among other things, the business outlook and quotations from management in this press
release, as well as JOYY’s strategic and operational plans, contain forward-looking statements. JOYY may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual
report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees
to third parties. Statements that are not historical facts, including statements about JOYY’s beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ
materially from those contained in any forward-looking statement, including but not limited to the following: JOYY’s goals and
strategies; JOYY’s future business development, results of operations and financial condition; the expected growth of the global
online communication social platform market; the expectation regarding the rate at which to gain active users, especially paying users;
JOYY’s ability to monetize the user base; fluctuations in global economic and business conditions; the impact of the COVID-19 to
JOYY’s business operations and the global economy; and assumptions underlying or related to any of the foregoing. A more detailed
and full discussion of those risks and other potential risks is included in JOYY’s filings with the SEC. All information provided
in this press release and in the attachments is as of the date of this press release, and JOYY does not undertake any obligation to update
any forward- looking statement, except as required under applicable law.
Investor
Relations Contact
JOYY Inc.
Jane Xie/Maggie Yan
Email: joyy-ir@joyy.com
ICR, Inc.
Robin Yang
Email: joyy@icrinc.com
JOYY (NASDAQ:YY)
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