YY [YY] SC 13G/A: SCHEDULE 13G (Amendment No.1)* YY Inc. (Name of

[SCHEDULE 13G (Amendment No.1)* YY Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 98426T106 (CUSIP Number) December 31, 2013 (Date of Event which Requires Filing of this Statement) [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial]

YY [YY] SC 13G/A: (Original Filing)

[* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed]

YY [YY] SC 13G/A: * The remainder of this cover page shall

[* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed]

YY [YY] SC 13G/A: (Original Filing)

[CUSIP No.98426T106 13G Page 2 of 5 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: I.R.S. IDENTIFICATION NO. OFOVE PERSON: Morgan Stanley I.R.S. #36-3145972 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A: (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3. SEC USE ONLY: -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: The state of]

YY [YY] SC 13G/A: CUSIP No.98426T106 13G Page 2 of 5 Pages

[CUSIP No.98426T106 13G Page 2 of 5 Pages -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: I.R.S. IDENTIFICATION NO. OFOVE PERSON: Morgan Stanley I.R.S. #36-3145972 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A: (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3. SEC USE ONLY: -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION: The state of]

YY [YY] 6-K: (Original Filing)

[YY INC. ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OF CONVERTIBLE NOTES GUANGZHOU, CHINA – November 18, 2013: YY Inc. (NASDAQ: YY), a revolutionary rich communication social platform (“YY” or the “Company”), today announced that it has decided to withdraw its previously announced proposed offering of US$ 250 million in aggregate principal amount of convertible notes due 2018 . This press release]

YY [YY] 6-K: YY INC. ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OF

[YY INC. ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OF CONVERTIBLE NOTES GUANGZHOU, CHINA – November 18, 2013: YY Inc. (NASDAQ: YY), a revolutionary rich communication social platform (“YY” or the “Company”), today announced that it has decided to withdraw its previously announced proposed offering of US$ 250 million in aggregate principal amount of convertible notes due 2018 . This press release]

YY [YY] 6-K: (Original Filing)

[YY ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OFNVERTIBLE NOTES GUANGZHOU, CHINA November18, 2013: YY (NASDAQ: YY), a revolutionary richmmunication social platform (YY or thempany), today announced that it has decided to withdraw its previously announced proposed offering of US$ 250 million ingregate principal amount ofnvertible notes due]

YY [YY] 6-K: YY ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OFNVERTIBLE NOTES

[YY ANNOUNCES WITHDRAWAL OF PROPOSED OFFERING OFNVERTIBLE NOTES GUANGZHOU, CHINA November18, 2013: YY (NASDAQ: YY), a revolutionary richmmunication social platform (YY or thempany), today announced that it has decided to withdraw its previously announced proposed offering of US$ 250 million ingregate principal amount ofnvertible notes due]

YY [YY] 6-K: (Original Filing)

[QuickLinks -- Click here to rapidly navigate through this document YY INC. GUANGZHOU, CHINA—November 14, 2013: YY Inc. (NASDAQ: YY), a revolutionary rich communication social platform ("YY" or the "Company"), today announced that it proposes to offer up to US$250 million in aggregate principal amount of convertible senior notes due 2018 (the "notes"), subject to market conditions and other factors.] [QuickLinks -- Click here to rapidly navigate through this document YY Inc. Page Interim Condensed Consolidated Financial Statements (unaudited) Unaudited Interim Condensed Consolidated Balance Sheets as of December 31, 2012 and September 30, 2013 2 Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Income for the Nine Months Ended September 30, 2012 and 2013 4 Unaudited Interim Condensed Consolidated] [QuickLinks -- Click here to rapidly navigate through this document Discussion of Selected Statements of Operations Items Revenues In the nine months ended September 30, 2013, we primarily derived our revenues from internet value-added services, or IVAS, and online advertising. Our IVAS revenues are primarily comprised of revenues from the paying users of YY Music, online games and, to a]

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