The latest version of Mobile YY was released on the App Store on May 27. The biggest update is live streaming feature. The Android version will be launched next month.
After the update, you can live stream video to your YY friends. There are three channels live broadcasting singing performance (the same with PC-based YY Music), online games (YY has invited top players to play the popular games such as DOTA, LOL & DNF) and funny videos, respectively.
On the first earnings conference call after IPO, David Xuyling Li, CEO of YY Inc., said they expected the video streaming capability to encourage users to generate content and mobile monetization, through virtual gift sales, would begin in the second half of this year.