XML 70 R63.htm IDEA: XBRL DOCUMENT v3.20.1

Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based compensation [Line Items]

Summary of the restricted share units activity

​

​	​	​	​	​
​	​	​	​	Weighted
​		Number of		average
​	​	restricted	​	grant-date
​	​	shares	​	fair value (US$)
​	​	​	​	​
Outstanding, December 31, 2016		20,955,720		2.4320
​	​	​	​	​
Granted		22,090,030		5.3001
Forfeited		(4,007,728)		2.5561
Vested		(8,163,878)		2.3227
​	​	​	​	​
Outstanding, December 31, 2017		30,874,144		4.4969
​	​	​	​	​
Granted		11,977,794		4.7052
Forfeited		(5,115,304)		4.6843
Vested		(12,507,000)		3.6776
​	​	​	​	​
Outstanding, December 31, 2018		25,229,634		4.9639
​	​	​	​	​
Granted		16,114,095		3.0005
Forfeited		(6,381,786)		4.7840
Vested		(7,848,811)		4.7427
​	​	​	​	​
Outstanding, December 31, 2019		27,113,132		3.9034
​	​	​	​	​
Expected to vest as of December 31, 2019		25,703,976		3.8916

Summary of restricted shares activity

​

​	​	​	​	​
​		​		Weighted
​	​	Number of	​	average
​	​	restricted	​	grant-date fair
​	​	shares	​	value (US$)
​	​	​	​	​
Outstanding, December 31, 2018		—		—
​	​	​	​	​
Replacement due to acquisition of Bigo	​	38,042,760	​	3.6100
Granted		16,041,327		3.4750
Forfeited		(7,279,877)		3.6302
Vested		(8,599,959)		3.6608
​	​	​	​	​
Outstanding, December 31, 2019		38,204,251		3.5267
​	​	​	​	​
Expected to vest as of December 31, 2019		32,715,029		3.5533

Summary of stock option activity

Movements in the number of share options granted and their related weighted average exercise prices are as follows:

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	Weighted	​	​
​	​	​	​	Weighted	​	average	​	Aggregate
​	​	​	​	average	​	remaining	​	intrinsic
​	​	Number of	​	exercise	​	contractual life	​	value
​		options		price (US$)		(years)		(US$)
​	​	​	​	​	​	​	​	​
Outstanding, January 1, 2018		—		—		—		—
Granted		10,934,300		4.7025		​
​	​	​	​	​	​	​	​	​
Outstanding, December 31, 2018		10,934,300		4.7025		5.29		—
Granted	​	438,100	​	3.5350	​	​	​	​
Forfeited	​	(1,065,000)	​	4.5225	​	​	​	​
​	​	​	​	​	​	​	​	​
Outstanding, December 31, 2019	​	10,307,400	​	3.8069	​	5.45	​	—
​	​	​	​	​	​	​	​	​
Expected to vest as of December 31, 2019		10,307,400		3.8069		5.45		—
Exercisable as of December 31, 2019		2,134,100		4.7025		6.50		—

​

Schedule of stock option fair value assumptions

The Company has used binomial option-pricing model to determine the fair value of the share options as of the grant dates. Key assumptions are set as below:

​

​	​	​	​	​	​	​	​
​		2018		​	2019		​
Weighted average fair value per option granted	​	US$	2.6425	​	US$	1.7582	​
Weighted average exercise price		US$	4.7025	​	US$	3.5350	​
Weighted average Risk-free interest rate (1)		​	2.77	%	​	1.82	%
Expected term (in year) (2)		​	5-6	​	​	6	​
Expected volatility (3)		​	57	%	​	56	%
Dividend yield (4)		​	—	​	​	—	​

(1) The risk-free interest rate of periods within the contractual life of the share option is based on US Treasury Bonds of similar tenor at the valuation dates.

(2) The expected term is the contract life of the option.

(3) Expected volatility is estimated based on the average of historical volatilities of the Company at the valuation dates.

(4) The Company has no history or expectation of paying dividend on its common shares. The expected dividend yield was estimated based on the Company’s expected dividend policy over the expected term of the option.

Huya [Member]

Share-based compensation [Line Items]

Summary of stock option activity

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	Weighted	​	​
​		​		Weighted		average		​
​	​	​	​	average	​	remaining	​	Aggregate intrinsic
​	​	Number of	​	exercise	​	contractual life	​	value
​	​	options	​	price (US$)	​	(years)	​	(US$)
​	​	​	​	​	​	​	​	​
As of December 31, 2016		—		—		—		—
Granted		11,737,705		2.5500
Forfeited		(18,000)		2.5500
​	​	​	​	​	​	​	​	​
As of December 31, 2017		11,719,705		2.5500		9.75		2,227
Granted		6,138,353		2.4672
Forfeited		(75,000)		2.5500
Cancelled		(262,503)		2.5500
​	​	​	​	​	​	​	​	​
As of December 31, 2018		17,520,555		2.5210		8.82		227,049
Granted		—		—
Forfeited		(257,750)		2.5500
Exercised		(2,011,144)		2.3290
​	​	​	​	​	​	​	​	​
As of December 31, 2019		15,251,661		2.5458		7.84		234,939
Expected to vest as of December 31, 2019		9,790,460		2.5500		7.88		150,773
Exercisable as of December 31, 2019		5,410,546		2.5383		7.77		83,386

Schedule of stock option fair value assumptions

​

​	​	​	​	​	​	​	​
​		2017			2018
​	​	​	​	​	​	​	​
Weighted average fair value per option granted		US$	1.3798		US$	5.2130	​
Weighted average exercise price		US$	2.55		US$	2.47	​
Risk-free interest rate (1)		​	2.25	%	​	2.83	%
Expected term (in year) (2)		​	10		​	10	​
Expected volatility (3)		​	55	%	​	55	%
Dividend yield (4)		​	—		​	—	​

(1) The risk-free interest rate of periods within the contractual life of the share option is based on the China Government Bond yield as at the valuation dates.

(2) The expected term is the contract life of the option.

(3) Expected volatility is estimated based on the average of historical volatilities of the comparable companies in the same industry as at the valuation dates.

(4) Huya has no history or expectation of paying dividend on its ordinary shares. The expected dividend yield was estimated based on Huya’s expected dividend policy over the expected term of the option.

Schedule Of Restricted Stock Units

The following table summarizes the activity of restricted share units for the years ended December 31, 2017, 2018 and 2019:

​

​	​	​	​	​
​	​	​	​	Weighted
​	​	Number of	​	average
​	​	restricted	​	grant-date
​		share units		fair value (US$)
​	​	​	​	​
Outstanding, January 1, 2017 and December 31, 2017		—		—
Granted		4,193,685		9.0242
Forfeited		(76,500)		7.1600
Vested		(10,000)		19.5900
​	​	​	​	​
Outstanding, December 31, 2018		4,107,185		9.0331
Granted		2,908,370		22.7642
Forfeited		(270,707)		14.8129
Vested		(465,000)		7.1600
​	​	​	​	​
Outstanding, December 31, 2019	​	6,279,848	​	15.4350
Expected to vest at December 31, 2019		6,040,024		15.0623

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

It represents to restricted stock units.

+ References

No definition available.

+ Details

Name:	yy_ScheduleOfRestrictedStockUnitsTableTextBlock
Namespace Prefix:	yy_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	srt_ConsolidatedEntitiesAxis=yy_HuyaIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: