THE MOTLEY FOOL - July 19 - Live-streaming hasn't taken off in the U.S. as it has in China. Of China's 730M Internet users, ~200M are active users of live-streaming apps. Credit Suisse is forecasting China's live-streaming market to be worth ~$5B by the end of this year. One of the beneficiaries of the streaming craze is Momo, which started as a dating app but quickly shifted to becoming a host for live video broadcasts. The company earned ~$767M in revenue over the past year, turning 30% of into net profit. In May, the The Chinese Ministry of Culture announced it had shut down 10 hosting platforms and punished an additional 48 companies. It also ordered 30k content-producing studios to cease operations. Although Momo was not a part of the recent crackdown, it is not free of the government's oversight. Momo had been used to disseminate inappropriate pictures of women. The company has acted to prevent the spread of illicit content by terminating tens of millions of user accounts, designating a team to monitor content, and using third parties and data analytics software to monitor activities.
by Palbir Nijjar
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