YY.com is a social media launched back in 2005 in China. It was mainly a gaming portal similar to QQ Games (Tencent).
Today the portal became an entertainment portal offering between other services, games, video streaming, chat, and karaoke services. Some users are even using the chat feature for business.
The Internet company claims over 300 million users. As of today, the firm doesn’t have any service targeting foreigners. We will see if the firm decides to compete with Ustream, Google Hangout and Airtime.
Like Tencent, YY.com obtains revenue mainly from gaming sharing with developers the revenue generated from virtual goods purchased on the game.
YY.com, URL: http://www.yy.com/