Delivery conditions have not been fully met, Baidu, Inc. terminates the $3.6 billion acquisition of YY Live.
China’s antitrust regulator is unlikely to approve Baidu’s acquisition of Joy Inc.’s video-based home live streaming business YY Live for $3.6 billion.
Shares of Chinese social media and entertainment site Joyy Inc. plunged more than 26% after a research firm accused it of being a “multibillion-dollar fraud”.
Video-based social media platform JOYY reported strong growth in the first quarter of 2020 as the company further pushes its overseas live-streaming apps.
Just recently, Tencent released a live voice social app called “Echo”. When opening the app, users can see the slogan "encounter the voices you like”.
Hao Wu’s compelling documentary, “People’s Republic of Desire”, is a riveting journey through the multi-faceted components of China’s rapidly expanding live streaming scene. It provides a comprehensive exploration of the various players that drive China’s burgeoning live streaming industry.