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China's govt is taking steps to regulate the livestreaming industry. According to the Ministry of Commerce, over 10 million livestreaming events will take place in the first half of 2020, which is the equivalent of nearly 55,000 events a day. In addition, two renowned livesteaming businesses in China, Viya and Wei Ya, had sales of RMB 3,5 billion in 2016 alone. Some of the biggest agencies are investing in livestreaming platforms, hoping to enhance their amenities. The industry is also a lucrative one for livestreamers, called "anchors," who earn good-looking quantities of money from digital gifts bought by audience. Some businesses, akin to Three Minute TV, deliver educated anchors for the livestreaming industry. While livestreaming is still essentially a form of communique, the industry is moving to new horizons. For instance, Momo's livestreaming platform has become its biggest revenue stream. Moreover, the app has advanced beyond its social networking roots to become a platform for prime-satisfactory content material. In 2016, nearly half of China's web users viewed livestreams. According to the report, China's livestreaming sector will reach a earnings of RMB 1.

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