On December 27, Oriental Selection, a live-streaming ecommerce company under the US-listed New Oriental Group, announced that it will sell its education business for a total price of 1.5 billion yuan to its parent company.
Chen Shaojie, the Chairman and CEO of Chinese game livestreaming company Douyu, has gone missing for nearly three weeks.
TikTok's e-commerce business has undergone business adjustments in the past few months. Notably, the platform has introduced a new model for its e-commerce project codenamed Project S. In simple terms, Project S operates with a full custody model. Under the model, merchants are only responsible for supplying goods, while the platform covers operations and fulfillment.
On May 9th, Douyin released 11 regulations and industry initiatives regarding AI-generated content on its platform.
The social livestreaming platform, Bigo Live, has been removed from the App Store as of April 9. There has been no response from Bigo regarding the matter.
Xiaohongshu, a Chinese lifestyle-sharing platform, reportedly will upgrade its livestreaming business to an independent department. The site features many reviews and users can post videos and pictures to show off their purchases.
Chinese shopping platform giant Meituan is revamping its short video and livestreaming features in response to competition from Douyin's entry into the take-out field. Douyin is TikTok's sister app in China.
At the beginning of this year, ByteDance's short video app Douyin started to explore online livestream broadcasting as a method of promoting and facilitating drug sales.
Pony Ma, the founder, chairman and CEO of Shenzhen-based tech giant Tencent emphasized at a recent internal staff meeting that "WeChat (Video) Channels is the hope of the whole company," and the short video platform has since made various moves to commercialize.
In 2022, under the pressure of the Double Reduction policy, many K12 education companies in China, including New Oriental Education & Technology Group and Doushen Education, transformed into the live-streaming field.
Taobao, an e-commerce platform owned by Alibaba, is conducting final tests before launching its first metaverse livestreaming product.
ByteDance-owned Douyin Group has adjusted its organizational structure, naming Han Shangyou, the current vice president of Douyin, as the platform's new head, managing several business lines.
China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.
More than 10,000 livestreamers in China’s rural areas participated in Alibaba's a week-long livestreaming Harvest Festival, driving its local economy with the leverage of the trending technology.
ByteDance's short video sharing app Douyin, the Chinese mainland version of TikTok, will launch a brand-new recommendation application called "Kesong."
In China's rapidly diversifying e-commerce industry, livestreaming is emerging as a top method for driving sales.
Beijing-based internet firm Inke Limited officially changed its name to Inkeverse Group Limited on Wednesday.
According to Huitun Data, the number of viewers of "Oriental Selection," the official livestreaming room of Chinese private tutoring institution New Oriental Education, reached 12.746 million on June 11.
Kuaishou has recently revamped its overseas business strategy, setting up targeted ventures in various regions including Southeast Asia and Latin America.
Beijing-based technology firm and TikTok owner ByteDance has launched a new hardware device called the "Lingjing Livestreaming All-in-One Machine," as well as a corresponding "Lingjing" app.