Tencent

However, Yonghui Superstores’ stock dived more than 6% following the announcement.

The game livestreaming industry in China could reshuffle as Tencent assumes a controlling stake in both of the industry’s leaders, Huya and Douyu.

Following the announcement, China Literature’s stock price went up 12.05% to USD 4.62.

Huya and Douyu, both backed by Tencent, have already surpassed Twitch in number of monthly active users.

Depending on online karaoke and livestreaming, Tencent Music Entertainment is gearing up to take on encroaching short video apps.

The e-signature market in China was estimated to reach more than half a billion USD last year.

China is estimated to have 618 million audio listeners by the end of 2020.

The global beauty and personal care product market is expected to hit USD 756.63 billion by 2026.