Through an arrangement arrived at in November 2020, Baidu had wanted to get the livestreaming business known as YY Live. Baidu CEO Robin Li said at the time that the arrangement would “launch Baidu into a main stage for livestreaming,” helping variety its income.
The Singapore-based Joyy, in the mean time, said Monday it will look for lawful counsel and think about all choices. Joyy works a few virtual entertainment brands, including the Bigo Live web-based feature, short-video stage Likee and the gaming-centered Hago.
BIDU stock had an all over year in 2023 that wrapped up with shares around 4% higher. In contrast, Joyy’s YY stock rose by about 20% in 2023.