YY Inc. (NASDQ:YY) is a major Chinese video-based social network with over 300 million users. It features a virtual currency which users can earn through activities such as karaoke or creating tutorial videos, then convert 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, sport and fashion. Users exchange "virtual roses" as a kind of currency, with top users said to earn as much as $20,000 per month.
Industry: Technology | Internet Information Providers | China
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