Short-video giant Kuaishou expects to break even in 2022 but China is tightening control on live streaming

Source: China – South China Morning PostKuaishou Technology, operator of China’s second-largest short video-sharing platform, hopes to break even this year, but regulatory risks remain high as Beijing released new restrictions on live streaming. On Tuesday, Beijing published new guidelines to “further regulate profit-making practices in live streaming and promote the healthy development of the industry”. Under the new rules, companies will need to report to provincial tax and cyber authorities the basic information of live streamers…Read More

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