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Toutiao, an alternate Chinese livestreaming app, is run by Bytedance Inc. , which also owns Douyin. Douyu is a Chinese video streaming carrier operated by Wuhan Douyu Internet Technology. According to its online page, the positioning has over 60 million monthly active users and claims 600 million users. Douyu all started as a gaming live-streaming site, but has since expanded into a more normal live-streaming app. Its daily active users higher by greater than 20% last year, according to the website. In 2017, the variety of live-streaming apps in China hit 668 million users, in response to a government-backed industry body. The greater popularity is attributed to the expansion of Chinese information superhighway era, the rising number of young folks that are more comfy sharing their lives online, and the demand for short, real-time leisure. Among other things, the Chinese live-streaming apps are preferable for sports, online games, reality shows, and concerts. China's livestreaming industry has become a vital component of e-trade, with a market worth $63 billion. This is 9% of the nation's entire e-commerce industry, and it is anticipated to double in size this year alone.04.01.2023