Chinese instant messaging/social media platform YY has filed for a $100M U.S. IPO under the...

|By:, SA News Editor

Chinese instant messaging/social media platform YY has filed for a $100M U.S. IPO under the symbol YY. YY, which competes most directly with Chinese Web giant Tencent (TCEHY.PK) and its QQ platform, claimed 400.5M registered users as of Sep. 30 (that figure likely includes plenty of duplicate accounts). The company posted 1H revenue of $51.1M (up nearly 3x Y/Y) and  net income of $3.3M