![]() Live streaming accounted for 90.9% of Douyu’s net revenues during Q1 2019, mostly through ads and virtual gifts. Game live streaming is one of the most popular types of content on Douyuĭouyu is the largest live-streaming company in China, and has distribution rights for all of the 29 live-streaming e-sport tournaments, including League of Legends. Douyu goes IPO on the NASDAQĭouyu went IPO on the NASDAQ on the 16th of July 2019, raising $775 million in stock at a $3.73 billion valuation, and making it the biggest Chinese IPO of the year after Luckin Coffee ($645 million). The new format also enables users to scroll through the account’s entire publishing history directly. The new interface is more compact and the article history display is a lot more user-friendly. WeChat also modified the profile of WeChat Official Accounts’ information page for non-followers. Upgrade of WeChat Official Account profiles While Facebook successfully made the transition to video (according to eMarketer, 24.5% of U.S video ads spending in 2018 was done on Facebook), WeChat’s market share is eaten away by short video platforms such as Douyin. This is a natural defense move as WeChat is pressured to improve its video-sharing capabilities. The display of videos is now more native, and the total number of views for the video is publicly displayed. For instance, the display in the “看一看” section of WeChat (which regroups most popular articles) was upgraded. The new update of WeChat also comes with better integration with video assets. Users are invited to stay within WeChat while accessing various applications, and can conveniently navigate between these “Apps within the App”. This change is a new step toward WeChat becoming more of an operating system. The limitation is 5 assets (mini-programs, articles, files) + music. ![]() When clicking on the side button, users can access all of the assets they have minimized. Users can easily minimize a Mini-program they are looking at and get back to it later. This ability existed previously limited to just one article, and it now extended to all kinds of assets. The main update was the ability to minimize content into several floating windows so that users can easily add temporary tags and switch between contents. WeChat released a new version… and it is becoming even more like an operating system. WeChat releases 7.0.5 version Ability to minimize Mini-programs and other assets ![]()
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