Popular live streaming platform Inke announced that it has recorded 240 million RMB ($36.6 million) in profit in Q1 2017 (in Chinese), showing that it is possible for platforms to make on live streaming.

Inke’s success so far has been attributed to their early entry into the market as well as their track record of getting big acts onto the platform, including actresses Liu Tao and Jiang Xin as well as Korean boyband BIGBANG

At the same time, Shunya International Inc announced the completion of the purchase of a 48.2% stake in Inke. They are now the largest shareholder and controlling shareholder (in Chinese).

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com