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YY - JOYY Inc.: This Cheap Fast Growing Company Sparks Joy
JOYY Inc.
The company's Bigo Live segment is growing rapidly. In the latest quarter, it grew from RMB 1.4 billion in Q3 2019 to RMB 3.3 billion in Q3 2020.
The YY live sale pushes through, it will inject $3.6 billion in cash into the company’s coffers which can be used to further develop its international business.
From a sum of parts valuation perspective, the company is undervalued.