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China's govt is taking steps to regulate the livestreaming industry. According to the Ministry of Commerce, over 10 million livestreaming events will occur in the 1st half of 2020, which is the equal of nearly 55,000 events a day. In addition, two fashionable livesteaming agencies in China, Viya and Wei Ya, had sales of RMB 3,5 billion in 2016 alone. Some of the biggest agencies are investing in livestreaming structures, hoping to enhance their amenities. The industry is also a profitable one for livestreamers, called "anchors," who earn handsome amounts of cash from digital gifts bought by viewers. Some businesses, corresponding to Three Minute TV, give expert anchors for the livestreaming industry. While livestreaming remains to be essentially a sort of communique, the industry is moving to new horizons. For example, Momo's livestreaming platform has become its largest earnings stream. Moreover, the app has advanced beyond its social networking roots to become a platform for remarkable content. In 2016, nearly half of China's web users viewed livestreams. According to the report, China's livestreaming sector will reach a revenue of RMB 1.
18.01.2023
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