Entertainment

The video site’s move into the mainstream has yielded mixed results.

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

Kuaishou’s global expansion continues.

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.

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

As people stayed home to avoid the coronavirus, older and less wealthy people suddenly had more reasons to use the internet.

They lead companies such as ByteDance, Pinduoduo, and DJI.