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  "documentTitle": "Joyy Inc. (YY)",
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  "authorName": "Carson Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-11-18 00:00:00",
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  "notes": "The slide uses data tables to demonstrate fraudulent revenue inflation through shared device IDs (IMEIs) between performers and top paying users.",
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      "text": "As a result, rather than earning money from YY gifts, the Xiaozhou group of accounts paid out a net RMB 8.5 million while YY booked RMB 17.2 million of revenue.",
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      "text": "Ruitiantian's YY Profile Page",
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      "text": "From October 2019 to January 2020, Ruitiantian netted RMB 34.1 million in YY gifts, per our channel monitoring.",
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      "text": "Upon aggregating these associated accounts, it turns out that Xiaozhou gave out gifts amounting to RMB 25.7 million over the same period.",
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      "text": "Top Performer Xiaozhou, ID: 59458539, Shares His IMEI With a Network of Top PUs",
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      "kind": "title",
      "text": "Case Study: The Same Goes for #2 Top Performer “Ruitiantian”",
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