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The industry has obtained tens of millions of dollars in investments from Chinese VCs and web avid gamers. But despite the proliferation of livestreaming apps, the market remains fragmented. There are no strong network 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 also is a high chance of consolidation in the future, as platforms compete for talent, lower take rates, and put money into more professional user-generated content material. In China, livestreaming apps have grown exponentially in recognition lately. Chinese professionals were investigating the livestreaming apps for over a year. They found that probably the most most popular livestreaming apps in the nation was Huahua, which was utilized by 900,000 people. Despite this recent uptick in livestreaming apps, they remain field to stringent government law. In 2016, the Ministry of Culture and Tourism banned at the least seven livestreaming apps due to noncompliance with government requirements.
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