Discontinued operations (Tables)

12 Months Ended

Dec. 31, 2022

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of reconciliation with net income from discontinued operations

	For the year ended December 31,
	2020	2021
	US$	US$
Net income from discontinued operations of YY Live (Note 3(a))	482,487	35,567
Net income from discontinued operations of Huya (Note 3(b))	919,183	—
Net income from discontinued operations as presented in the consolidated statements of comprehensive income	1,401,670	35,567

Held for sale | YY Live

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of assets, liabilities, statement of operations and cash flows of discontinued operations which were included in the Group's consolidated financial statements

	As of December 31,
	2021	2022
	US$	US$
Assets
Current assets
Cash and cash equivalents	201,393	201,393
Accounts receivable, net	18,239	18,239
Prepayments and other current assets	4,986	4,986
Total current assets	224,618	224,618
Non-current assets
Deferred tax assets	4,294	4,294
Property and equipment, net	10,356	10,356
Intangible assets, net	7,456	7,456
Other non-current assets	3,814	3,814
Total non-current assets	25,920	25,920
Total assets	250,538	250,538
Liabilities
Current liabilities
Accounts payable	1,117	1,117
Deferred revenue	49,495	49,495
Advances from customers	12,663	12,663
Income taxes payable	9,787	9,787
Accrued liabilities and other current liabilities	139,282	139,282
Total current liabilities	212,344	212,344
Total liabilities	212,344	212,344

(a)  Disposal of YY Live business (continued)

The following tables set forth the statement of operations and cash flows of discontinued operations which were included in the Group’s consolidated financial statements (in thousands).

	For the year ended December 31,
	2020	2021
	US$	US$
Net revenues
Live streaming	1,399,212	151,445
Others	41,363	2,980
Total net revenues	1,440,575	154,425
Cost of revenues(1)	(773,988)	(88,900)
Gross profit	666,587	65,525
Operating expenses(1)
Research and development expenses	(52,519)	(6,323)
Sales and marketing expenses	(84,303)	(8,954)
General and administrative expenses	(22,116)	(7,108)
Total operating expenses	(158,938)	(22,385)
Other income	23,935	611
Operating income	531,584	43,751
Interest income and investment income	419	355
Income before income tax expenses	532,003	44,106
Income tax expenses	(49,516)	(8,539)
Net income from discontinued operations	482,487	35,567
	For the year ended December 31,
	2020	2021
	US$	US$
Net cash provided by discontinued operating activities	478,357	64,289
Net cash provided by discontinued investing activities	6,819	1,636,450

*There is no financing activity from discontinued operations of YY Live business.

(1)Share-based compensation was allocated in cost of revenues and operating expenses as follows:

3.   Discontinued operations (continued)

(a)  Disposal of YY Live business (continued)

	For the year ended December 31,
	2020	2021
	US$	US$
Cost of revenues	1,645	(426)
Research and development expenses	6,656	(703)
Sales and marketing expenses	189	(39)
General and administrative expenses	4,928	(175)

Held for sale | Huya

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of assets, liabilities, statement of operations and cash flows of discontinued operations which were included in the Group's consolidated financial statements

	For the year ended
	December 31,
	2020
	US$
Net revenues
Live streaming	326,094
Others	19,707
Total net revenues	345,801
Cost of revenues(1)	(277,954)
Gross profit	67,847
Operating expenses(1)
Research and development expenses	(22,477)
Sales and marketing expenses	(15,279)
General and administrative expenses	(20,743)
Total operating expenses	(58,499)
Other income	1,624
Operating income	10,972
Interest income and investment income	12,293
Foreign currency exchange losses, net	(205)
Gain on fair value changes of investments	310
Other non-operating expenses	(1,435)
Income before income tax expenses	21,935
Income tax expenses	(5,384)
Net income	16,551
Share of income in equity method investments, net of income taxes	(145)
Gain on disposal, net of tax	902,777
Net income from discontinued operations	919,183
	For the year ended
	December 31,
	2020
	US$
Net cash provided by discontinued operating activities	19,506
Net cash provided by discontinued investing activities	85,552
Net cash provided by discontinued financing activities	1,232

	For the year ended December 31,
	2020
	US$
Cost of revenues	2,354
Research and development expenses	5,309
Sales and marketing expenses	375
General and administrative expenses	13,558