The Meet Group’s move to implement live streaming onto its dating platforms has seen its stock price grow to its highest peak in the last 18 months. VP of Live Streaming at The Meet Group Lauren Hallanan reviewed the film for Forbes, describing it as excellent but overly dramatised. However, some analysts are suggesting that the company might be undervalued because of its diversification and China’s relatively low internet penetration.Ī documentary was released last year following the glamorous lives of two popular YY streamers, but also highlighting the emotional and physical pressure of maintaining an interested audience. Rival streaming service Momo made moves back into the dating space in early 2018 with a $735 million complete acquisition of Tantan.ĭespite such a high-profile acquisition, Momo stock has struggled to progress significantly. It is an important milestone for YY group which demonstrated our confidence and commitment to the globalization strategy”. Share pictures on stream (just like Facebooks wall). The best thing about BIGO LIVE is that it allows you to show your talents, make new friends and earn money at the same time. With this app, it is easy to live broadcast or video chat with 400 million people from over 150 countries.
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The move is evidence of YY’s desires to expand into new markets, starting with South East Asia.įounder Li Xueling said in a statement as reported by TechCrunch: “We are very excited to announce the completion of the acquisition of Bigo. com is the Finest Dating Website With Over 10 Million Great Members. BIGO LIVE is one of the most popular live video streaming app for both iOS and Android devices. YY had previously acquired 31.7% of the Singapore-based startup last June and announced the purchase of the remaining share yesterday, which was priced at approximately $1.45 billion. Chinese live streaming giant YY has finalised the takeover of Bigo, the company that created popular streaming app Bigo Live.
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