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But regardless of the proliferation of livestreaming apps, the market is still fragmented. There are no strong community outcomes, and broadcasters aren't loyal to any single app. They'll switch to another if it offers more audience or better tools. They'll also shift if the payouts are higher. There is also a high chance of consolidation sooner or later, as structures compete for talent, lower take rates, and invest in additional expert user-generated content. In China, livestreaming apps have grown exponentially in recognition in recent times. Chinese specialists have been investigating the livestreaming apps for over a year. They found that one of the crucial top-rated livestreaming apps in the country was Huahua, which was used by 900,000 people. Despite this recent uptick in livestreaming apps, they remain field to stringent executive regulation. In 2016, the Ministry of Culture and Tourism banned as a minimum seven livestreaming apps due to noncompliance with executive necessities. In addition, it blacklisted 14 livestreaming companies and closed 57 purposes.
09.02.2023
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