In the second quarter of this year, YY Inc., the leading user-generated live video streaming company in China, saw both mobile users and mobile revenues of their two major businesses, YY Music and gameplay broadcasting service Huya, exceeded PC. According to Eric He, CFO of the YY, the company is “in the process of transforming into a mobile company.”

In the second quarter, the company recorded 1.1 billion yuan (US$165.3 million) and 188 million yuan (US$28.3 million) in performance streaming (mostly singing) and gameplay broadcasting respectively. Like the desktop, mobile revenue is driven by the sale of virtual gifts, rather than advertising. All together, YY generated more than 621 million yuan (about US$94 million) through mobile alone in the last year.

The mobile revenue from the YY Music, YY’s largest business by revenue and usage, increased by 97 percent year-over-year, a sharp contrast to overall growth in the business, which is pegged at around 50 percent. Paying mobile users increased 88 percent year-over-year to 1.8 million.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com