In the happy gathering era, the intraday gain was up more than 20%. The live streaming service is the main force.

全文约0字，阅读需要0分钟

In May this year, Li Xueling, the founder of Huanju Times, returned to the CEO position, and the company experienced layoffs and business adjustments. According to media reports, employees of the happy gathering era said, "Li Xueling is looking for a new growth point for the company, which can be regarded as an internal venture."

Happy times closed up more than 20 per cent to as much as $111.520 after three quarters reported better-than-expected profits and investment banks sharply raised their target prices.

recently, the overall performance of Chinese stocks is not good. By the close, Alibaba fell 0.24%, NetEase rose 1.31%, Xunlei fell 4.38%, JD.com rose 1.16%, Sogou fell 2.46%, and has fallen below the issue price of US $13. But the happy gathering era closed up more than 20 per cent to as much as $111.520 after three quarters reported better-than-expected profits and investment banks sharply raised their target prices.

Huanju Times is one of the largest webcast companies in China. It was founded in Guangzhou in 2005 and started as a game maker. At present, it has platforms such as YY Voice, Multi-play Game Network, YYLIVE, Huanju Games, YY Education, Huya TV and so on. Official data show that the number of registered users in the happy gathering era has reached 1.3 billion, and the number of monthly active users has reached 140 million.

for many years, the happy gathering era has been a company with a clear core business line, but many and miscellaneous business products. During the reign of former CEO Chen Zhou, the company made a lot of trial and error and launched a number of projects that did not continue. In May this year, Li Xueling, the founder of Huanju Times, returned to the CEO position, and the company experienced layoffs and business adjustments. Li Xueling told the media that "the number of monthly active users of our mobile streaming media increased by 36.6% year-on-year to 73 million, while the total number of paid users of mobile streaming media increased by 46.5% year-on-year to 6.3 million." Since the era of Happy gathering began to count the revenue of the live streaming service in the third quarter of 2016, the growth rate of the business has been more than 40%.

YY Live and Tiger Ya are the two main forces of Huanrui Century's live streaming, which continuously generate revenue for the company in the live broadcast tuyere. Li Xueling told the media that he hopes to use our dual growth engine to continue to launch new ways to attract users, increase user participation, further build our ecosystem, and explore more monetization opportunities.

according to media reports, employees of the happy gathering era said, "Li Xueling is looking for new growth points for the company, which can be regarded as internal entrepreneurship." From the perspective of the company's business layout, the new growth point is likely to be short video business.

Edit: mary