Caixin
Dec 04, 2018 04:23 PM
BUSINESS & TECH

NetEase to Shutter Livestreaming Operation

NetEase’s livestreaming platform is called “Bohe,” which means “mint” in Chinese. Photo: IC
NetEase’s livestreaming platform is called “Bohe,” which means “mint” in Chinese. Photo: IC

Chinese internet company NetEase Inc. will shutter its livestreaming platform just one year after its launch amid fierce competition in an increasingly consolidated industry.

The app — called “Bohe” which means “mint” in Chinese — will cease to exist on Dec. 31, and users will be unable to access any of the site’s functions from then on, the company said in a statement (link in Chinese) on Monday.

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