JimmyTurner
08-27

$JOYY Inc.(YY)$ Globalization by localization is a very flawed strategy. You do not want to use company resources concentrating on localities. definition of a successful business is to come up with a product with large market potential, localization goes against this tried and trues strategy. Look at Facebook, learn from them, they do not create content for every minorities, their product designed to capture large audiences. YY should concentrate on coming up with products that is good and one that can catch fire and grow and be used and be useful by everyone and everywhere in the world, learn from TikTok, Facebook. This management needs new talented smart blood, present management needs to go.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment