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The industry has obtained thousands and thousands of dollars in investments from Chinese VCs and web players. But despite the proliferation of livestreaming apps, the market remains fragmented. There are no strong community effects, and broadcasters aren't loyal to any single app. They'll switch to an alternate if it offers more viewers or better tools. They'll also shift if the payouts are higher. There is also a high chance of consolidation sooner or later, as platforms compete for talent, lower take rates, and invest in additional expert user-generated content. In China, livestreaming apps have grown exponentially in popularity in recent times. Chinese experts have been investigating the livestreaming apps for over a year. They found that probably the most finest livestreaming apps in the nation was Huahua, which was utilized by 900,000 people. Despite this recent uptick in livestreaming apps, they remain area to stringent government regulation. In 2016, the Ministry of Culture and Tourism banned at least seven livestreaming apps due to noncompliance with government necessities.
25.01.2023

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