Caixin
Aug 03, 2022 04:05 PM
BUSINESS

China's Livestreaming Industry Matures After Clampdown on Stars

Photo: VCG
Photo: VCG

(Nikkei Asia) — China's livestreaming economy appears here to stay, maturing beyond its pandemic-driven boom and pushing companies to adapt to a fast-changing environment for online marketing.

The market for multichannel networks, businesses that play a role similar to talent agencies for online content creators, is estimated at 43.2 billion yuan ($6.4 billion) this year, heading toward 74.3 billion yuan in 2025, in a July survey by iiMedia Research.

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