The world should be careful as China is opening up more and more with social media and video streaming, recent figures Smash Analyst Estimates
Just a few short years ago, China was trying to block any form of information sharing. Facebook was the demon that was blocked, Netlfix, Amazon targeted.
Today, the scene is very, very different. We see China-based YY, a leading provider of a social media platform used for streaming live content, reported third-quarter results blasting past analysts already upbeat forecasts plus upgrading future forecasts.
YY reported revenue smashing the consensus and up 48% from the year-ago period.
Revenue from livestreaming rose 60% to $431.6 million.
YY shares are up about 126% this year.
Invest in the Best : YY has a strong Rating of 99 out of a possible 99 and is among the best Chinese stocks to buy and watch.
Don't forget, the trend is your friend so it needs to have a "buy signal" and be in an uptrend which we are watching very closely so we can advise our Insiders Club members.
YY is a pioneer in live streaming services, offering music and dating shows, live game broadcasting and e-learning. The use of live streaming services has surged in China due to a shortage of entertainment options, particularly in the lower-tier cities, and the appeal of its "freemium" model, where video is free to view but requires payments to boost engagement.
YY is just one of a group of such companies many backed by giants like Sina or Alibaba and are all making a lot of people rich. And they are growing their muscles before following Alibaba on to the world stage.
Disclaimer:This is not an individual financial advice or any attempt to give you financial advice. You should always transact through a regulated body. This content is written for information, very interesting information (and profits) as part of Graham Bibby’s empowering and educating you.
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