It is reported that Huya and YY's original companies Huanju Group are testing the scooter business internally, and the project is called '3KM”

News on the afternoon of December 15th, Sina Technology learned that Huanju Group is currently testing the scooter business internally, and the new project is called "3KM" .

After selling Huya and YY to Tencent and Baidu in 2020, Huanju Group’s funds have increased significantly. In recent years, Huanju Group has been focusing on pan-entertainment and social networking. At the same time, it has continued to incubate new businesses such as e-commerce and finance through self-research or mergers and acquisitions. However, the layout of hardware projects is rare.

According to Sina Technology’s understanding, The scooter business aims to solve the traffic problems within 3 kilometers of the urban area, so the project is Named "3KM". The scooter products are developed by Huanju Group and may be sold overseas in the future. Some people familiar with the matter said that the internal testing of the new business was supported by Li Xueling, chairman of Huanju Group, who appealed to employees for support in the internal group.

At present, overseas business has become the pillar of Huanju Group, its core products include Bigo Live, Likee short video, and Hago interactive social. Financial report data shows that in the first three quarters of this year, Huanju Group achieved revenue of US$1.698 billion (approximately 12.298 billion yuan) and net profit of US$256 million (approximately 1.838 billion yuan). As of the third quarter, Huanju Group’s global social entertainment MAU reached 276.8 million.

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