Asset Management One Co. Ltd. decreased its holdings in JOYY Inc. () by 68.0% in the first quarter, reports.

Source: https://www.etfdailynews.com/2023/07/19/asset-management-one-co-ltd-sells-13558-shares-of-joyy-inc-nasdaqyy/

As such, unfavorable developments (e.g. potential deal termination) relating to BIDU's purchase of YY Live might be a de-rating catalyst for JOYY.

Source: https://seekingalpha.com/article/4638061-joyy-murky-outlook-supports-hold-rating?source=feed_all_articles

Finally, Prelude Capital Management LLC bought a new position in shares of JOYY during the first quarter valued at approximately $935,000.

Source: https://www.dailypolitical.com/2023/11/16/andra-ap-fonden-boosts-stake-in-joyy-inc-nasdaqyy.html

If one excludes the cash received from Baidu, JOYY will be no longer trading at negative enterprise value and its valuations will be much less attractive.

Source: https://seekingalpha.com/article/4638061-joyy-murky-outlook-supports-hold-rating?source=feed_all_articles

JOYY Inc. has a twelve month low of $21.38 and a twelve month high of $53.55.

Source: https://www.americanbankingnews.com/2023/01/29/dekabank-deutsche-girozentrale-has-149000-holdings-in-joyy-inc-nasdaqyy.html