YY.com

Chinese video-based social network

YY is a major Chinese video-based social network, a subsidiary of JOYY. It features a virtual currency which users earn through activities such as karaoke or creating tutorial videos and which is later converted to real cash. Launched in 2005 as duowan.com, it originally targeted gamers, before broadening to include video streaming and chat features for uses such as concerts, fashion and sports. Users exchange "virtual roses" as a form of currency, with top users said to earn as much as $20,000 per month. In November 2012, YY was listed on the NASDAQ.

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