Live Streaming

Virtual idol Luo Tianyi has over 4.6 million followers and has “performed” in front of millions of live audiences.

Live commerce, which merges livestreaming and e-commerce, is a staple of the Chinese internet. Now, it’s about to take on overseas markets.

The directive from the Supreme People’s Court comes amid the growing number of disputes over money spent by minors on these platforms.

The firm’s strong first-quarter performance was overshadowed by new US regulations promoting stricter rules on Chinese companies.

Among JOYY’s 520.1 million mobile monthly active users, 77% are from overseas markets.

Bilibili widened its net loss to RMB 538.6 (USD 76.1 million), up 175% versus last year’s level, amid increasing revenues.

YY’s Likee already has over 115 million monthly active users worldwide and is growing fast.

Kuaishou sets a yearly target of RMB 250 billion in livestreaming e-commerce GMV, above Douyin’s target of RMB 200 billion.