Live Streaming

Tencent will have 67.5% of the voting power in the combined livestreaming giant.

With the platform extending the maximum length for videos and introducing other updates, Channels could be WeChat’s next battleground to drive sales.

During the pre-launch, Shopavision has completed a total of 40 livestreams, amounting to about 400,000 views and generating more than SGD 60,000 in sales.

Roughly a third of China’s internet users watched livestreaming e-commerce in the first six months of 2020.

Companies such as KiosTix and Gojek are adjusting their services to meet market demand.

The fitness industry is recovering at a slow pace after the post-pandemic period.

The company moved fast to meet explosive growth in the demand for cloud-based video services the education and corporate training sectors during the COVID-19 pandemic.

The move, which the company said will serve to improve consumer safety, is another step for ByteDance towards making Douyin a fully-fledged e-commerce platform.