Tencent

WeChat, Alipay, and other popular apps find new purpose as lifeline in uncertain times.

Video games and new TV episodes were also put on hold.

Tencent-backed company in talks with new investors as pandemic boosts digital payments.

Joox, which has a music library of 30 million tracks, aims to compete with global rivals by using its knowledge of local markets in the region.

As of April 3, the virus has infected 82,804 people in total and caused 3,331 deaths in China. More than 76,000 patients have recovered from the disease.

Tencent aims to capitalize on the downturn in the offline music entertainment market by transitioning artists to livestreaming with new app Fanlive.

JD.com’s NFC payment tool JD Shanfu took the largest share in this niche market.

Inke was an early leader in the livestreaming sector, but has lost market share to large competitors.