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JOYY Inc. American Depositary Shares represent an interest in JOYY Inc., a technology company focused on social entertainment and online communities. JOYY Inc. operates interactive platforms that enable users to engage in real-time audio, video, and text-based experiences, including live streaming, music and entertainment content, online games, online dating, live game broadcasting, and online education services. The company monetizes its platforms primarily through virtual gifting, value-added services, and advertising solutions for content creators and brand partners. JOYY Inc. serves a global user base, connecting creators and audiences across multiple regions and languages, with a focus on immersive, community-driven digital interactions. Headquartered in Singapore and founded in 2005, the company plays a notable role in the social media and digital entertainment ecosystem, providing infrastructure and tools that support content discovery, creator engagement, and real-time social connectivity.