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Digital Strategies meet Live Broadcasting in China

Digital Strategies meet Live Broadcasting in China

We often call China a digital playground, as its highly digital-savvy and receptive population makes it a breeding ground for digital innovation. In fact the new crop of live streaming apps, which allow users to broadcast live video to their followings, has grown in China into a very different business than the one in the West. These platforms enable viewers to reward content contributors with virtual gifts that can be purchased with real money. Platforms in turn take a cut of each virtual item. The wǎng hóng jīngjì 网红经济 The live streaming sector is growing so quickly in China that it is creating its own...