China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

MD, Blue Lotus Research Institute

Gu Jun, CFA

Thematic (Sector/Industry)

China Consumer discretionary / Thematic (Sector/Industry)

General slowdown in music live show streaming• We see there has been a general slowdown of music live show streaming because of the rise of other online entertainment formats, like video programs.• Although some platforms and agencies attempt to launch various programs in live streaming, such as Ecommerce, cooking, traveling, etc., they all return to live music shows because it’s the most profitable.• Tencent’s Kugou, Toutiao’s Volcano and Kuaishou are three quickly rising major players.Total…

General slowdown in music live show streaming• We see there has been a general slowdown of music live show streaming because of the rise of other online entertainment formats, like video programs.• Although some platforms and agencies attempt to launch various programs in live streaming, such as Ecommerce, cooking, traveling, etc., they all return to live music shows because it’s the most profitable.• Tencent’s Kugou, Toutiao’s Volcano and Kuaishou are three quickly rising major players.Total…

China Live Streaming: Music Live Shows Slow Down，Game Live Streaming Rising