Tencent’s WeChat plans to launch a paid livestreaming service through its video channel, according to announcements made at a WeChat event on Thursday. The super app also plans to invest heavily this year in cultivating new livestreamers and attracting followers. WeChat launched a video channel within the versatile messaging app in January 2020, allowing users to create and share short videos to their contacts, thus competing with short-video platforms such as Kuaishou and ByteDance’s Douyin. [36Kr, in Chinese]
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