LINE

    Text:AAAPrint
    Economy

    Chinese live streaming platform YY reports steady Q2 revenue growth

    1
    2018-08-14 16:29:02Xinhua Editor : Gu Liping ECNS App Download

    Chinese live streaming platform YY saw its revenue expand steadily in the second quarter of this year with continued growth in mobile users.

    The company's net revenue increased by 44.6 percent to exceed 3.77 billion yuan (570.2 million U.S. dollars) in Q2, according to its unaudited financial report released Tuesday.

    Total revenue growth was mainly driven by the robust growth of YY's live streaming revenue, which surged by 50 percent year on year to exceed 3.55 billion yuan.

    The company has implemented AI-based content recommendation technology to accurately and efficiently identify and match live streaming content with user preferences, according to Li Xueling, chairman and acting CEO of YY, adding that they will remain committed to continuous product innovation and technology advancement.

    Live streaming has become a popular entertainment choice among Chinese youth as users can buy virtual "gifts" to support broadcasters who try to attract fans through means such as singing, dancing or talk shows.

    YY saw its mobile live streaming monthly active users increase by 21.3 percent year on year to 80.2 million, while its total live streaming paying users grew by 21.1 percent year on year to 6.9 million.

    YY expects its Q3 net revenue to be between 3.89 billion yuan and 4.02 billion yuan, representing a year-on-year growth of 25.8 percent to 30 percent.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 泗阳县| 阿巴嘎旗| 白河县| 平潭县| 孝感市| 垦利县| 金沙县| 勃利县| 蒲城县| 南皮县| 长汀县| 历史| 通州市| 章丘市| 宾阳县| 临澧县| 陇川县| 茂名市| 九寨沟县| 香格里拉县| 蒙城县| 固镇县| 连山| 历史| 九龙坡区| 万宁市| 孟津县| 上饶县| 沧源| 大理市| 从化市| 抚顺市| 潼关县| 交城县| 通许县| 红原县| 盐池县| 固阳县| 五常市| 淮南市| 枣阳市|