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Beijing-based technology firm and TikTok owner ByteDance has launched a new hardware device called the "Lingjing Livestreaming All-in-One Machine," as well as a corresponding "Lingjing" app.
According to Huitun Data, the number of viewers of "Oriental Selection," the official livestreaming room of Chinese private tutoring institution New Oriental Education, reached 12.746 million on June 11.
Taiwanese superstar Jay Chou did his first live stream on Sunday night where he obtained 20 million yuan ($2.85 million) in 30 minutes.
Chinese social commerce platform Pinduoduo has partnered with foreign embassies and consulates to sell overseas merchandise through live-streaming sessions.
On May 9th, Douyin released 11 regulations and industry initiatives regarding AI-generated content on its platform.
At the beginning of this year, ByteDance's short video app Douyin started to explore online livestream broadcasting as a method of promoting and facilitating drug sales.
The social livestreaming platform, Bigo Live, has been removed from the App Store as of April 9. There has been no response from Bigo regarding the matter.
Chinese shopping platform giant Meituan is revamping its short video and livestreaming features in response to competition from Douyin's entry into the take-out field. Douyin is TikTok's sister app in China.
Tencent-backed Chinese game-centric live streaming platform Douyu Tuesday reported a 53% year-on-year increase in its total net revenue to $321.1 million in Q1 2020.
Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”
HUYA Inc., China's leading game streaming platform, reported Q4 and 2024 results Tuesday with adjusted net income up 125.6% to $36.8 million, positive operating cash flow of 94 million yuan, and announced a minimum $400 million dividend plan for 2025-2027.
In China's rapidly diversifying e-commerce industry, livestreaming is emerging as a top method for driving sales.