China's online live streaming industry has been growing steadily over the past five years. According to data, the user scale of China's online live streaming industry has grown to 504 million in 2019 and is expected to reach 526 million in 2020.
In 2019, "live streaming+" programs were successively launched on online platforms. "Live streaming + E-commerce" has proven to be a successful combination, with 40% of respondents in one survey reporting having watched this type of program. E-commerce head players like Taobao, live streaming companies such as Kuaishou, and other platforms have invested heavily in live streaming.
However, there is one group that makes all this possible, that is, KOLs. Over the past two years, a large number of KOLs have risen to prominence in China. They are active in different e-commerce platforms, with distinct personal characteristics and strong influence. Some popular KOLs like Viya and Austin (Li Jiaqi) have more than 10 million fans. This webinar will focus on explaining the close relationship between live streaming, e-commerce, and KOLs.