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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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      "text": "In Bigo, families are like alliances, and somewhat akin to YY’s channel owners. Paid performers often join families, adding an official designation to their profile, and team up in competitions...",
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      "text": "Screenshots of Bigo app interface showing RCT_KHAN during and after a competition.",
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      "text": "First, his top contributors are “top-up resellers.” Second, his other top contributors are members of the same “family.”",
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      "text": "We learned from interviews with former Bigo employees that RCT-KHAN is both the RCT “family” head and also a talent agency manager. Ironically, his virtual agency is virtually devoid of talent. We believe his main occupation is as a Bigo promoter and in running a circular economy that generates the illusions of big transaction volumes for Bigo.",
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