YY: YY Domestic Live Business Grew Faster Than Expected While Investing In Overseas Expansion In 2Q19
YY will report 2Q19 results on August 13th after the markets close followed by a 9pm EST conference call. 2019 is an investment year for YY. While the company maintains healthy growth of its core live broadcasting business, it is investing in overseas expansion hoping the successful experience of live business in China can be transferred to the overseas market. With that, we are neutral into its 2Q19 earnings.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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