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.


Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer 



