2Q13 Net Revenues Up 117.8% YOY
2Q13 Gross Margin Expands to 53.3%
2Q13 Net Income of RMB92.8 Million2Q13 Non-GAAP Net Income Up 184.1% YOY GUANGZHOU, China, Aug. 1, 2013 (GLOBE NEWSWIRE) -- YY Inc. (Nasdaq:YY) ("YY" or the "Company"), a revolutionary rich communication social platform, today announced its unaudited financial results for the second quarter ended June 30, 2013. Second Quarter 2013 Highlights
- Net revenues increased by 117.8% to RMB409.0 million (US$66.6 million) from RMB187.8 million in the corresponding period of 2012, primarily driven by a 132.0% increase in revenues from internet value-added services, or IVAS, revenues.
- Net income attributable to YY Inc. increased by 436.7% to RMB92.8 million (US$15.1 million) from RMB17.3 million in the corresponding period of 2012.
- Non-GAAP net income attributable to YY Inc.  increased by 184.1% to RMB125.1 million (US$20.4 million) from RMB44.0 million in the corresponding period of 2012.
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