Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses
Key Takeaways:
Joyy’s $3.6 billion sale of its China livestreaming business to Baidu has collapsed, more than three years after the deal was first announced
Joyy stopped including the China livestreaming business in its financial results as early as 2021, and was recasting itself as a Singapore-based livestreaming company