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22-Jun-2019 05:00

China’s craze for personal live-streaming runs far deeper, into third-tier cities and remote rural areas where the internet is the one and only fun and cheap place to hang out.

These personal broadcasts are not simply videos that fans watch, but more interactive experiences.

They are turning each other into mass entertainment. China’s live-streaming industry more than doubled in size last year, with revenues of around bn, according to Credit Suisse, a bank.

More than 100 companies now offer the service, providing the platform for performers in exchange for a hefty cut of their earnings (one, YY, is publicly listed on NASDAQ, with 9m in gross revenues from live-streaming in the third quarter of last year, a year-on-year rise of more than 50%).

That compares with box-office receipts for the Chinese film business, the world’s second-largest, of bn last year.

Of the 710m people with internet connections in China, nearly half have used live-streaming apps.

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