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Monday, January 20, 2020 2:24:32 PM
A Look at China's Multi-Billion Dollar Live-Streaming Industry
The app I was using is one of several live-streaming pioneers in the country. Its developer, Guangzhou-headquareterd YY Inc., listed on Nasdaq in November 2012 at a valuation of $600 million and is currently being traded at a market capitalization of $5.6 billion—more than nine times higher, in just six and a half years. In its fourth-quarter report for 2018, YY stated it has 90.4 million monthly active users, 8.9 million of whom are paying customers, who generated 15.7 billion yuans (approximately $2.29 billion) in revenues for the company in 2018.
https://m.calcalistech.com/Article.aspx?guid=3762327
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