YY Inc. (NASDAQ:YY) , the leading live video streaming platform in China, today announced 100.com, an online education platform.
YY, actually, has had YY Education, an online live video streaming service for teachers to give students lectures that was launched as early ad in 2011. There have been more than 100,000 video lectures delivered, according to the company. It claims there are more than 800 educational institutions and 20,000 teachers on the platform, with 6 million monthly active users.
As one of the three categories of YY offerings, YY Education, however, was way less profitable than the other two. YY Music and YY Gaming accounted for 47% and 32% of YY’s total revenues in Q3 2013. David Xuelin Li said they didn’t expect to see meaningful revenues coming from YY Education on the latest earnings conference call in late 2013.
Different from YY Education, 100.com is not focused on video lectures but includes all kinds of educational materials, text, online tools, mobile apps, etc.
Source: TechNode
