Comment on YY Online Broadcasting Platform Rides Momentum into Other Vertical Sectors by Jiecao Collection, A Naughty App For Post-90 Chinese, Is Explosive | TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-05-07 00:00:00

According the report released by Chinese ministry of culture (CCNT), in 2013 about half of the digital music revenues generated on PC-based Web in China was through online singing performance platforms like YY Music. YY Music has a lot of competitors, some of which reportedly are even more profitable. The CCNT report estimates that the online singing show market will reach RMB8.5 billion (about $1.4bn) in 2015. The YY platform has been expanding to other vertical sectors such as the red-hot online education and gameplay broadcasting. 100 Education (100.com), a separate site for online education, was launched a couple of months ago.