China Live Streaming E-Commerce Market: Size &Forecast with Impact Analysis of COVID-19 (2021-2025)
Some of the major playersoperating in the China live streaming e-commerce market are Alibaba Group(Taobao), Kuaishou, Pinduoduo Inc., and Douyin (TikTok), whose companyprofiling has been done in the report.
By: Daedal Research
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall China live streaming e-commerce market has also been forecasted for the years 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Alibaba Group (Taobao)
Live streaming can be defined as the streaming video over the internet in real time, without being recorded and stored. At present, video game, social media video, TV broadcasts, etc. all can be live-streamed. Live streams can be broadcasted one-to-many connections that go out to multiple users at once. Live stream applications have limited protocols in comparison to videoconferencing technologies like Skype, FaceTime, and Google Hangouts Meet work on real-time communication (RTC) protocols.
Live streaming e-commerce would transform e-commerce drastically. Dubbed live commerce is the convergence of video and shopping, which helps in improving customer engagement, close the gap between customer and product, drive sales, and at place where bidding is involved increase the average sales price.
China live streaming e-commerce market has progressed promptly over the years and the market is further anticipated to augment during the forecasted years 2021 to 2025. The market would increase owing to different growth drivers such as, growing number of internet users, rising adoption of online shopping, surging urban population, escalating mobile cellular subscription, augmenting social media users, increasing cross border shoppers, etc.
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