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China ranks second in the world in terms of internet development after the US, according to a latest industry report on Wednesday, which also details achievements of China's internet sector growth in the past year.
Health Crisis Continues to Fuel Live Streaming Growth and It Looks Like It Could Be Just the Beginning The current leader of the pack is Kuaishou, which is currently 21.5%-owned by Tencent Holdings Limited (OTC:TCEHY) and recently filed for its own IPO, through a financing projected to be worth up to US$5 billion, and valuing the company at more than US$50 billion. Kuaishou's footprint is enormous, with more than three quarters of a billion users-over a quarter of which are creators themselves. The live streaming platform is a flurry of activity, as its execs claim 302 million average R...