Davis Polk advised the underwriters in a registered shelf takedown of 6,612,500 American Depositary Shares by YY Inc. The total proceeds of the shelf takedown were approximately $442 million.

YY Inc. is a NASDAQ-listed company and a live streaming social media platform in China. YY Inc. engages users in real-time group activities through online live media on PCs and mobile devices.

The Davis Polk corporate team included partner James C. Lin, counsel Terrence R O'Donnell and registered foreign lawyer Sabrina Lin. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.