The scale of China’s lucrative live-streaming business model – revealed by the 1.34 billion yuan (S$284 million) tax evasion fine for top influencer Huang Wei, known as Viya – has taken ordinary Chinese by surprise. “Is it reasonable for live streamers to earn so much? What’s their contribution to the country apart from persuading customers to buy things they don’t.
With Didi Global Inc. seeking a listing in Hong Kong less than a year after its tumultuous debut in New York, investors are looking for other U.S.-traded Chinese names that could potentially offer shares closer to home amid regulatory pressures.
While LinkedIn might have seemed like an easy market-entry tool for some, it was never influential enough to be financially worthwhile both for advertisers and Microsoft, writes We Are Social’s Pete Lin.