At the 2012 London Olympics, Yip won against eighth seed Sung Ji-hyun, of South Korea, in the group stage. Then Yip went through to the final eight of the women's singles in badminton after she beat France's 16th seed Pi Hongyan by two games to one, winning 13–21, 21–13, 21–16. Yip faced China's Li Xuerui, who beat her two games to one. Her performance equalled the best performance by a Hong Kong shuttler at the Olympic Games.