Accounts receivable, net of allowance of US$20,938 and US$21,023 as of December 31, 2024 and 2025, respectively
Inventory
Amounts due from related parties, net of allowance of US$476 and US$5 as of December 31, 2021 and 2022, respectively
Amounts due from related parties, net of allowance of US$1 and nil as of December 31, 2024 and 2025, respectively
Financing receivables, net of allowance of US$18,213 and nil as of December 31, 2023 and 2024, respectively
Prepayments and other current assets, net of allowance of US$20,486 and US$20,884 as of December 31, 2024 and 2025, respectively
Deferred tax assets
Assets held for sale
Total current assets
Non-current assets
Long-term deposits
Long-term deposits and held-to-maturity investments
Deferred tax assets
Investments
Property and equipment, net
Land use rights, net
Intangible assets, net
Right-of-use assets, net
Goodwill
Amounts due from related parties
Financing receivables, net of allowance of US$10,192 and nil as of December 31, 2020 and 2021, respectively
Other non-current assets
Assets held for sale
Total non-current assets
Total assets
Liabilities, mezzanine equity and shareholders' equity
Current liabilities (including amounts of the consolidated VIEs without recourse to the Company of US$190,356 and US$137,979 as of December 31, 2024 and 2025, respectively)
Accounts payable
Deferred revenue (including deferred revenue of the consolidated variable interest entity without recourse to the Company of RMB757,244 and RMB950,816 as of December 31, 2017 and 2018, respectively)
Advances from customers (including advances from customers of the consolidated variable interest entity without recourse to the Company of RMB 56,108 and RMB80,406 as of December 31, 2016 and 2017, respectively)
Deferred revenue
Advances from customers
Income taxes payable
Accrued liabilities and other current liabilities
Amounts due to related parties
Lease liabilities due within one year
Short-term loans
Liabilities held for sale
Convertible bonds
Total current liabilities
Non-current liabilities (including amounts of the consolidated VIEs without recourse to the Company of US$14,259 and US$15,688 as of December 31, 2024 and 2025, respectively)
Long-term payable (including long-term payable of the consolidated variable interest entity without recourse to the Company of RMB183,000 and nil as of December 31, 2014 and 2015, respectively)
Deferred revenue(including deferred revenue of the consolidated variable interest entity without recourse to the Company of RMB52,185 and RMB86,977 as of December 31, 2017 and 2018, respectively)
Deferred tax liabilities (including deferred tax liabilities of the consolidated variable interest entity without recourse to the Company of RMB8,404 and nil as of December 31, 2017 and 2018, respectively)
Convertible bonds
Lease liabilities
Deferred revenue
Deferred tax liabilities
Other non-current liabilities
Liabilities held for sale
Total non-current liabilities
Total liabilities
Mezzanine equity
Shareholders' equity
Common shares
Class A common shares
Class B common shares
Treasury Shares (US$0.00001 par value; 603,177,267 and 633,551,270 shares held as of December 31, 2024 and December 31, 2025, respectively)
Additional paid-in capital
Statutory reserves
Retained earnings
Accumulated other comprehensive loss
JOYY Inc.'s shareholders' equity
Class A common shares
Class B common shares
Total JOYY Inc.'s shareholders' equity
Non-controlling interests
Total shareholders' equity
Total liabilities, mezzanine equity and shareholders' equity
