Revenue growthA snippet from their presentation
Monthly revenues expected to reach 2M CAD (10M RMB) by end of 2020
How to increase user growth and activity
Expanding operations and sales team
Expanding to foreign (non-China) markets
Increasing focus on social features
Upgrading Bonanza gifts
Upgrading ‘show livestreaming’ model to increase user activity and growth
Major initiative: 1-on-1 video chat matching, focused on international market (expected end October)
Introduction of VIP membership revenue model which is more applicable for social app See Azar (Korean) app – monthly revenues of over US$8M
Led by new team member (Vincent Chai) who has experience in launching international 1-on-1 livestreaming app, with commercial success