Baidu Could Challenge ByteDance by Buying JOYY's Chinese Business

Baidu Could Challenge ByteDance by Buying JOYY's Chinese Business

In an effort to expand its streaming video ecosystem, Baidu (NASDAQ: BIDU) could soon acquire JOYY's (NASDAQ: YY) Chinese operations, according to the digital media outlet Jiemian. JOYY will reportedly retain its larger overseas business. JOYY's global average mobile monthly active users (MAUs) grew 21% year-over-year to 457.1 million last quarter.