In a rare joint move, Chinese tech giants Alibaba, ByteDance, and Tencent together released new low latency streaming standards on Feb. 25, aimed at shortening the traditional time lag for streaming. The new open standards will reduce latency from three to six seconds to within one second, enabling more timely broadcasting of events such as sporting occasions or e-commerce livestreams. Previously, companies had mostly built their streaming systems based on Google’s old WebRTC, which doesn’t define a signaling system. Developers therefore had to define their own standards to transmit information, with less efficient standards leading to longer latencies. [QbitAI, in Chinese]