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Health Crisis Pushes China's Live Streaming Industry to Unprecedented Highs


News provided by

Microsmallcap.com

16 Dec, 2020, 13:50 GMT

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- FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- As the pandemic has forced so many of us out of in-person social spaces, we're increasingly looking to technology to fill the gap. This has fueled huge growth in social media trends like live streaming, particularly in China, the first country to be affected by the crisis and the world's second largest internet user base. Live streaming is one of China's most lucrative and fastest growing entertainment and e-commerce sectors and its growth in 2020 has been massive. In March, the country's live streaming market hit a whopping 560 million users - more than the entire US population and more than quadruple the 126 million watching last June - and is estimated to be worth US$16.3 billion in 2020. This has translated to significant growth for companies like Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF), Amazon (NASDAQ: AMZN), HUYA Inc. (NYSE: HUYA), Douyu International (NASDAQ: DOYU), and Momo Inc. (NASDAQ: MOMO).

Hello Pal Finds Footing in the Massive Chinese Market

China's incredible live streaming growth has caught the attention of social media company Hello Pal International Inc. (CSE:HP) (OTC:HLLPF) and the company's platform has impressed China's users. Based in Vancouver, British Columbia, Hello Pal is a mobile technology company that operates a proprietary, user-friendly social networking and communication platform. A key feature of the company's text, voice chat, and live streaming services is proprietary real-time language translation functionality, which not only allows users to engage with other users all over the world, but also gives Hello Pal the ability to establish its platform in just about any global online market.

Since adding Live, Hello Pal's proprietary live streaming service, to the company's platform, live streaming has been a key focus for the company. Live allows users to broadcast themselves seamlessly to Hello Pal's global audience. Live's success is in part due to the platform's reward systems, which allows users to support streamers by securely offering crypto-enabled rewards, which can be turned into real cash.

Hello Pal has made the Chinese market an early focus for the company. The platform's unique international design and focus has given the company access to the significant Chinese live streaming market before western live streaming giants. From 2018 to March 2020, the number of users of live game streaming and live host shows in China grew by 22 million and almost 44 million, respectively.

Hello Pal has been growing alongside the Chinese live streaming market. Live now has 4.4 million users with 5,000 daily users, and the platform's user base as a whole topped 5.2 million users in September with more than 10,000 active daily users.

In December, Hello Pal announced two new features for its services. Building on the successful introduction of live streaming, Hello Pal has added an innovative one-on-one video matching service that allows its users to easily meet other users directly through live video chat. The company also added a VIP membership system that lets users subscribe for a host of exclusive perks and functionality, including targeted matching and video matching chat durations, as well as experience enhancements throughout the Hello Pal app, such as access to unlimited translation. Users can subscribe for VIP membership for different prices and durations, ranging from C$3.35 for a week to C$64 for a year.

China's Unprecedented Streaming Market

Amazon's (NASDAQ:AMZN) Twitch live streaming service is the biggest name in the global live streaming space, but unfortunately for the company, the service is currently banned in China, rendering it inaccessible without a VPN to the country's 560 million users. This means that there is a huge opportunity for live streaming companies like Hello Pal to establish themselves in the market without living in Twitch's shadow.

One of the main players in Chinese live streaming currently is HUYA Inc. (NYSE:HUYA). The company's platform offers live streaming for video games and esports events, including official broadcasts for major esports events. The platform also includes channels for other genres including cooking, traditional sports, and more.

DouYu International (NASDAQ:DOYU) is another key streaming service in the country. The company's DouYu TV streaming platform is the largest in the country with 163.6 million monthly active users as of 2019. In 2019, DouYu had the largest IPO on the NASDAQ ever for a Chinese company.

Momo Inc. (NASDAQ:MOMO) is a Chinese tech company with assets in the web search, instant messaging, and dating app spaces among others. In 2015, the company added live streaming to its portfolio. The service quickly gained traction as an early success for the live streaming industry, becoming a core part of Momo's business.

Live streaming is heating up around the world as people look for ways to fill social needs remotely amidst the pandemic. Nowhere is this more apparent than in China, where Hello Pal has established a strong foothold.

Click here to learn more about Hello Pal.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Hello Pal International Inc.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:
FN Media Group, LLC
info@financialnewsmedia.com
+1(561)325-8757

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