NetEase to Shutter Livestreaming Operation
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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