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Goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2019 are as follows:

YY

Bigo

Total

    

RMB

    

RMB

    

RMB

Balance as of December 31, 2017

 

11,716

11,716

Foreign currency translation adjustments

 

47

47

Balance as of December 31, 2018

 

11,763

11,763

Increase in goodwill related to acquisition

12,432,367

12,432,367

Foreign currency translation adjustments

 

16

503,046

503,062

Balance as of December 31, 2019

 

11,779

12,935,413

12,947,192

The increase in goodwill in 2019 was related to the acquisition of Bigo. Please refer to Note 4(a) for the acquisition of Bigo.

The Group performs its annual goodwill impairment test of each reporting unit in the fourth quarter, or more frequently, if certain events or circumstances warrant. Events or changes in circumstances which might indicate potential impairment in goodwill include the entity-specific factors, including, but not limited to, stock price volatility, market capitalization relative to net book value, and projected revenue, market growth and operating results.