China's live-streaming industry achieved rapid growth during the pandemic with monthly registration of live streaming companies reaching 2,877 in May, 684 percent higher than in the same period last year.
Monthly registration of live-streaming has been hitting a record high since 2019, when annual registrations reached 5,684, which is 17 times higher from a decade ago, according to data released by Qcc.com.
Executives of retail firms have been live streaming to reach younger consumers in China amid the novel coronavirus pandemic.
Livestreaming has also helped China's poverty-stricken people find more ways to earn.
The local government of Yingkou city set a record 5 million yuan in a six-hour live streaming sales of goods such as rice, jellyfish, and paper-cuttings.
Livestreaming covers a multitude of enterprises, such as online games, entertainment, and e-commerce.


Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 



