Michael Yu, founder of New Oriental Education, on Wednesday outlined the direction of the company's exploration in the live-streaming sphere in a post on his official WeChat account.
Douyin has reached a cooperation agreement with the Chinese Super League (CSL), becoming the football organization's official short video cooperation platform for the new season.
Kuaishou Technology, a leading Chinese social media firm, announced on Tuesday that Beijing Dajia (on behalf of Kuaishou) and Tencent Computer have entered into the 2022 game cooperation framework agreement.
Alibaba Group's free intelligent office communications platform DingTalk was developing a new video product for enterprises, mainly in the form of short videos and livestreaming.
TikTok, a short video platform owned by Beijing-based ByteDance, will start testing subscriptions on Thursday for TikTok LIVE, a new program that will allow creators to generate recurring revenue via payments from their top fans.
Logistics firm BEST Inc. has launched a SaaS tool for Douyin's live-streaming management. This tool provides services such as managing orders, distributing commissions and calculating live-streamers' potential for merchants.
The e-commerce arm of Kuaishou, TikTok's rival in China, announced the establishment of a real estate business center by an internal letter in April this year.
Livestreaming and influencer marketing services platform Wahool has recently completed two consecutive rounds of financing worth of nearly $10 million.
Major Chinese e-commerce platform Meituan has recently launched a product called "Meituan Livestreaming Assistant," a free tool intended for online merchants and internet influencers.
According to a report released by Newzoo on Wednesday, it is estimated that the global e-sports industry will generate $1.38 billion in revenue globally this year, an increase of 22% year-on-year.
Charles Zhang, the founder, chairman and CEO of Chinese internet company Sohu.com Limited, on Monday denied rumors of the company's required delisting from U.S. stock exchanges.
Shanghai-based video platform Bilibili's livestreaming business unit is planning internal layoffs, with a list of employees to cut having been preliminarily drawn up.
Inke Limited, a live-streaming platform in China, will soon launch NFT products abroad. The new products will be released on Open Sea, the world's largest NFT trading platform.
According to an announcement on Wednesday by China's State Taxation Administration, three government departments in the country recently issued documents regulating live-streaming profit-making.
TikTok Shop recently announced the support policy for cross-border e-commerce merchants from March to April this year.