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JOYY Inc. Report: Community Safety Measures and Bigo Live Update (Form 6-K)

$YY
Form 6-K
Filed on: 2024-12-20
Source
JOYY Inc. Report: Community Safety Measures and Bigo Live Update (Form 6-K)

Here's a summary of the key information extracted from the financial report (Form 6-K) of JOYY Inc.:

Company Overview

  • Name: JOYY Inc.
  • Ticker: NASDAQ: YY
  • Address: 30 Pasir Panjang Road #15-31A, Mapletree Business City, Singapore 117440.
  • Commission File Number: 001-35729.

Report Details

  • Document Type: Form 6-K
  • Date of Report: December 20, 2024
  • Subject: JOYY reaffirms community safety and implements enhanced safety measures.

Key Highlights

  • Community Safety Priority: JOYY emphasizes that user safety and well-being is its top priority, particularly in light of recent media reports regarding its Bigo Live platform.
  • Response to App Removal: Bigo Live was recently removed from the iOS App Store and Google Play Store due to unspecified reasons. JOYY is committed to regulatory compliance and has updated community guidelines accordingly.
  • Enhanced Safety Measures: The company has introduced stricter rules concerning user-generated content to prevent malicious use and protect users, particularly against child exploitation.
  • Collaboration with Authorities: JOYY is working with the National Center for Missing & Exploited Children (NCMEC) to address violations and enhance safety measures.
  • App Status: As of December 20, 2024, Bigo Live has been reinstated on Google Play Store. However, it remains unavailable for new downloads on the iOS App Store, although existing users can continue to use the app.
  • Ongoing Operations: Despite the app's availability issues on iOS, the company maintains normal operations globally.

Management Statement

  • CEO: Ting Li, Chairman and Chief Executive Officer.
  • Date of Signature: December 20, 2024.

Conclusion

JOYY Inc. is actively addressing safety concerns related to its Bigo Live app, implementing enhanced measures to protect its community, and is in discussions to resolve the app's status on the iOS App Store. The company remains committed to compliance and user safety while maintaining overall operational stability.