On August 13, huanju group announced the second quarter financial report of this year. Driven by bigo’s revenue in the live broadcast business, the company’s revenue was 5.840 billion yuan, up 36.3% year on year. Under the US GAAP, the net profit was 490 million yuan, up 38.3% year on year. Yes. < p > < p > in the second quarter, the live broadcast income of reunion was 5.6 billion yuan, an increase of 40.1% over the same period of last year, in which bigo increased 158.8% year-on-year to reach 2.95 billion yuan, and YY, an old product, has become the largest source of income for the group. Moreover, bigo accounted for more than half of the company’s live broadcasting revenue for the first time, at 52.3%. < p > < p > previously, the revenue of huanju mainly depended on YY, Huya and bigo. In the first quarter of 2020, Huya contributed 2.41 billion yuan in revenue, and the impact of stripping Huya was also reflected in the financial report. < p > < p > in April 2020, Tencent’s wholly-owned subsidiary increased its holding of Huya by US $260 million, becoming the largest shareholder of tiger tooth. After that, tiger tooth’s performance was incorporated into Tencent’s financial report, which directly led to a decrease of 1.31 billion yuan in the revenue ratio of reunion in the second quarter compared with the first quarter. < p > < p > compared with the growth of bigo, YY, once the main revenue force of huanju, has shown signs of slowing down. The revenue of YY in the second quarter was 2.78 billion yuan, which was 570 million yuan lower than that of 3.35 billion yuan in the fourth quarter of 2019. According to the financial report, the number of active users of YY live broadcasting monthly was 41.2 million, an increase of 6.0% over the same period of last year. Affected by the epidemic situation, the number of households with total payment decreased by 2.2% to 4.1 million. < p > < p > < p > and bigo, which is in full swing, has shouldered the heavy burden of getting together for performance growth. Bigo is mainly oriented to Southeast Asia, the Middle East, North America, Europe, the Middle East, Japan, Korea, Australia and New Zealand. Its main products are bigo live and its short video platform like. Its revenue mainly comes from bigo live, which is still in the stage of accumulating users. < / P > < p > by the end of the second quarter of 2020, the monthly active users of global mobile terminals were 457.1 million, of which overseas users accounted for 91%. In terms of products, the monthly active users of bigo live mobile terminal were 29.4 million, with a year-on-year increase of 41.3%; the monthly active users of likee mobile terminal were 150.3 million, with a year-on-year growth of 86.2% < / P > < p > according to the data of sensor tower, a third-party data analysis company, in the first half of 2020, bigo live ranked first and likee ranked fifth. In the second quarter of this year, bigo’s revenue increased by 148.8% year-on-year, among which developed regions accounted for a large part of the revenue. It is expected that the growth momentum will continue in the future, and the year-on-year growth target of annual revenue will be raised to nearly 100%. < / P > < p > in the gathering era, we are optimistic about the commercial liquidation potential of likee. It is estimated that likee will account for more than 10% of bigo’s annual live broadcasting business revenue. “In the medium and long term, the revenue scale of likee is similar to that of bigo live, or even surpass bigo live.” Jin Bing said. In response to the Indian government’s order to ban Chinese apps, Jin Bing said that the number of monthly active users of likee in India in the third quarter of this year will be affected. However, as the company has shifted its business development focus to other regions at the beginning of this year, reducing the investment in India’s marketing expenses, the overall commercial liquidation strategy of likee will not be affected. In response to some of the current geopolitical uncertainties, the company will also seek to diversify bigo’s revenue contribution regions. In the teleconference, Li Xueling also revealed his determination to be an e-commerce company, “the company’s revenue model is that the direct broadcast contribution accounts for the first place, the advertising revenue is the second, and the income of e-commerce is very low.” He stressed that e-commerce is a very important strategic goal for gathering together. He hopes that in the next three to five years, it will gradually turn into a business model with e-commerce revenue as the main source and live broadcast and advertising revenue as the supplement.