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YY, Inc. (YY) Chairman Jun Lei Resigns

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YY Inc. Announces Management Changes

August 17, 2016 4:05 PM EDT

GUANGZHOU, China, Aug. 17, 2016 (GLOBE NEWSWIRE) -- YY Inc. (NASDAQ: YY) ("YY" or the "Company"), a live streaming platform, today announced that Mr. Jun Lei has tendered his resignation as the Chairman and a member of the Companys Board of Directors (the Board), effective immediately, in order to focus his energy on Xiaomi, where he is currently Chairman and CEO. Mr. Lei will remain a major investor, strategic partner and advisor for YY going forward.

Mr. David Xueling Li, will succeed Mr. Lei as the Companys Chairman and... More