Baidu On Cusp Of Deal For JOYY’s China Unit – Report

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Baidu On Cusp Of Deal For JOYY’s China Unit – Report Harriet Lefton - October 26, 2020, 3:39 AM EDT SHARE ON: Baidu ( BIDU ) is on the cusp of inking a deal to snap up JOYY’s (YY) China operations, reports Chinese digital media outlet Jiemian. JOYY is a global video-based social media platform with over 457 million global average mobile monthly active users. According to the report, the deal excludes JOYY’s international business, which would continue to operate as an independent unit. However Jiemian notes that the revenue from JOYY’s Bigo overseas broadcast business has now surpassed that...