- Market Size Overview
- Market Dynamics
- Segmentation Insights
- Regional Insights
- Competitive Overview
- Recent Developments
- Scope of the Report
- List of Segments Covered
- FAQs
Global Live Streaming Market Size, Share, Trends & Growth Analysis Report Segmented By Component (Platforms, Services), Type, Revenue Model, End-use, And Regions (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), 2026-2034
Live Streaming Market Size and Share
The global live streaming market size was valued at USD 140.46 Billion in 2025 and is projected to grow from USD 173.36 Billion in 2026 to USD 933.33 Billion by 2034, at a CAGR of 23.42% during the forecast period. Asia Pacific dominated the live streaming market with a market share of 45.47% in 2025.
The live streaming market is being supported by wider internet access, faster broadband, mobile connectivity, and rising consumption of real-time digital content. According to the International Telecommunication Union, 74% of the world’s population used the internet, expanding the addressable audience for interactive streaming services. ITU also reports that more than 96% of the global population is covered by mobile broadband networks, strengthening access through smartphones and connected devices. The organization further notes that 5G accounts for more than one-third of mobile broadband subscriptions, improving the technical foundation for higher-quality live experiences. These connectivity gains are reinforcing live streaming market demand across entertainment, gaming, sports, education, and events.
Live Streaming Market Key Takeaways
Market Size & Forecast
2025 Market Size: USD 140.46 Billion
2026 Market Size: USD 173.36 Billion
2034 Projected Market Size: USD 933.33 Billion
CAGR (2026-2034): 23.42%
Largest market: Asia Pacific
Fastest-growing market: Middle East & Africa
Market Share Analysis
- Asia-Pacific held the largest market share of 45.47% in 2025.
- Middle East and Africa region is projected to register the fastest growth at a CAGR of 32.41% over the forecast horizon to 2034.
- In terms of type, video captured 92.63% of the market in 2025, while live audio streams are expected to expand at a CAGR of 29.84% up to 2034.
- On the basis of revenue model, ad-supported commanded a 64.21% share in 2025, whereas the subscription segment is projected to grow at a CAGR of 31.67% over the period ending in 2034.
- Among end-user, media and entertainment led with 37.52% revenue share in 2025, while gaming is projected to grow at a CAGR of 30.21% during the forecast period ending in 2034.
- In terms of component, the platforms segment led the market and accounted for 65.16% of global revenue in 2025, while services is projected to grow at a CAGR of 25.76% up to 2034.
Key Country Highlights
- The U.S. live streaming market is expected to grow at a CAGR of 12.83% over the period ending in 2034.
- India is projected to grow at a CAGR of 17.34% over the period to 2034.
- China is expected to advance at a CAGR of 15.62% up to 2034.
- Japan live streaming market is likely to witness growth at a CAGR of 14.18% during the forecast period ending in 2034.
- Across South Korea, the market is anticipated to expand at a CAGR of 13.71% over the forecast horizon to 2034.
- Germany is projected to register a CAGR of 11.06% up to 2034.
- The U.K. market is anticipated to expand at a CAGR of 10.74% over the period to 2034.
Live Streaming Market Trends & Future Outlook
Mobile-first consumption is becoming a central trend as broader broadband availability allows audiences to access real-time content across smartphones, tablets, televisions, and connected devices. According to ITU, 5G reaches more than half of the global population, creating stronger conditions for low-latency streaming and richer interactive experiences.
Interactive formats are gaining strategic importance as platforms combine live video with chat, gaming, commerce, creator tools, and audience participation. This shift is encouraging providers to invest in personalization, moderation, monetization tools, and scalable infrastructure, supporting live streaming market growth as engagement becomes more measurable and commercially valuable.
Energy efficiency is also moving higher on the technology agenda as streaming traffic expands. According to the IEA, viewing devices represented 72% of streaming energy use in its assessment, while data transmission represented 23%, encouraging platforms and infrastructure providers to prioritize efficient delivery, compression, and device optimization.
Impact of AI in the Live Streaming Market
AI is reshaping live streaming through automated moderation, content recommendations, transcription, translation, audience analytics, and real-time production support. According to the International Telecommunication Union, around 74% of the world’s population used the internet, creating a broad digital audience for AI-enabled streaming experiences. ITU also reports that 5G represents more than one-third of mobile broadband subscriptions, supporting lower-latency applications. AI can help platforms identify inappropriate content faster, personalize viewing experiences, and automate routine production workflows. The IEA identifies streaming, cloud gaming, artificial intelligence, and virtual reality as data-intensive services that are expected to increase demand for network services. These developments can strengthen live streaming market demand while increasing the importance of efficient computing, responsible AI deployment, privacy protection, and infrastructure management.
Live Streaming Market Investment Analysis
Investment opportunities are increasingly centered on scalable streaming infrastructure, creator monetization, advertising technology, content management, and AI-enabled production tools. The live streaming market size is becoming more closely linked with the quality and reach of digital infrastructure rather than content availability alone. According to ITU, mobile broadband coverage exceeds 96% globally, improving the foundation for new streaming services and regional expansion. Investors are also assessing latency, content acquisition costs, platform differentiation, cybersecurity, and regulatory exposure when evaluating opportunities. Subscription, advertising, and transaction-based models provide different risk-return profiles, while enterprise streaming offers another route toward recurring revenue. Capital is likely to favor businesses that combine strong user engagement with efficient infrastructure, diversified monetization, and defensible technology capabilities.
Emerging Innovations in the Live Streaming Market
AI-assisted production is emerging as a major innovation, enabling automated clipping, captions, translations, moderation, and audience recommendations. According to ITU, 5G already accounts for more than one-third of mobile broadband subscriptions, supporting more responsive real-time applications and richer interactive streaming experiences.
Edge delivery and low-latency infrastructure are improving the responsiveness of live broadcasts, particularly for gaming, sports, auctions, and interactive commerce. The IEA identifies video streaming and cloud gaming among services driving demand for data networks, encouraging providers to optimize content delivery and network efficiency.
Energy-efficient streaming technologies are gaining attention as platforms scale. According to the IEA, viewing devices accounted for 72% of streaming energy use in its analysis, highlighting opportunities for efficient devices, adaptive resolution, improved compression, and smarter delivery architectures.
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Live Streaming Market Dynamics
Market Drivers
Live streaming market is benefiting from broader internet penetration, mobile broadband expansion, and improving network quality across developed and emerging economies. According to ITU, 74% of the global population used the internet, widening the potential audience for real-time content. Mobile broadband coverage exceeding 96% is also improving accessibility. Rising creator participation, interactive entertainment, gaming, sports broadcasting, and digital events are strengthening platform adoption. The combination of mobile-first behavior and faster connectivity is expanding live streaming market demand across consumer and enterprise applications. These structural changes are encouraging platforms to improve reliability, personalization, monetization tools, and content discovery, strengthening live streaming market growth while supporting broader digital engagement across diverse user groups.
Market Restraints
Live streaming market faces operational constraints related to infrastructure costs, bandwidth requirements, content moderation, cybersecurity, and uneven connectivity. According to ITU, 2.2 billion people remained offline, demonstrating that digital access is still uneven across countries and income groups. Affordable connectivity also remains a challenge in many economies. Platforms must therefore balance service quality with infrastructure expenditure while maintaining competitive pricing. Content rights can further increase operating costs, particularly for sports and premium entertainment. Regulatory requirements concerning privacy, advertising, child protection, and digital content can add compliance complexity. These pressures may limit smaller providers’ ability to scale rapidly and compete with established platforms offering broader technology ecosystems and stronger distribution capabilities.
Market Opportunities
Live streaming market has significant opportunities in interactive commerce, creator monetization, virtual events, gaming, education, and enterprise communications. According to ITU, 5G reaches more than half of the global population, creating stronger technical conditions for responsive mobile streaming and immersive applications. Providers can use AI for automated moderation, translation, recommendation, and production assistance, reducing manual workloads while improving personalization. Emerging markets also offer expansion potential as connectivity improves and digital audiences increase. The development of localized content, regional payment systems, multilingual interfaces, and lightweight streaming formats can help platforms reach underserved audiences. Infrastructure partnerships and edge delivery can further improve service quality while creating opportunities for differentiated offerings across consumer and business applications.
Market Challenges
Live streaming market faces challenges from network congestion, latency, cybersecurity threats, content rights, platform competition, and rising infrastructure complexity. According to the IEA, data-intensive services such as video streaming and cloud gaming are expected to continue increasing demand for network services, placing greater emphasis on efficient infrastructure. Maintaining consistent quality across different networks and devices remains difficult, particularly for high-resolution broadcasts and interactive applications. Platforms must also manage misinformation, copyright violations, harmful content, and privacy risks without disrupting legitimate engagement. Energy efficiency is another consideration as usage expands, although the IEA notes that streaming’s energy intensity has improved substantially. Competitive pressure further requires continuous investment in technology, creator ecosystems, content partnerships, and user experience.
Live Streaming Market Segmentation Insights
Live Streaming Market Analysis, By Component
By component, the market is categorized into platforms and services.
Platforms led the component landscape in 2025, accounting for 65.16% of global revenue. Their position reflects the growing importance of scalable streaming infrastructure, content distribution capabilities, audience management, and integrated monetization tools. For the live streaming market, platform strength remains closely linked to creator ecosystems, user engagement, and the ability to support large-scale real-time broadcasts across devices and regions. Services are projected to be the fastest-growing component, with a CAGR of 25.76% through 2034. Increasing demand for managed streaming, technical support, cloud integration, analytics, and customized broadcasting solutions is supporting adoption. Service providers can capture opportunities as enterprises and content owners seek flexible infrastructure without managing complex live-streaming operations internally. This trend strengthens the live streaming market size for service-based offerings.
Live Streaming Market Analysis, By Type
By type, the market is categorized into audio streaming and video streaming.
Video Streaming held the largest position in 2025, representing 92.63% of the market. Its dominance is supported by widespread consumer engagement with visual content across entertainment, gaming, sports, news, and social platforms. High smartphone penetration, improved connectivity, and interactive viewing experiences continue to reinforce video adoption, making it the primary format shaping live content consumption. Audio Streaming is projected to be the fastest-growing type, advancing at a CAGR of 29.84% through 2034. Growing use of live discussions, podcasts, interactive broadcasts, and audio-focused community formats is creating additional opportunities. Lower bandwidth requirements and convenient consumption across mobile devices further support adoption, while the live streaming market share of audio formats can expand as platforms diversify beyond visual experiences.
Live Streaming Market Analysis, By Revenue Model
By revenue model, the market is categorized into ad-supported, subscription-based, and pay-per-view.
Ad-Supported led the revenue model segment in 2025, commanding a 64.21% share. Its strength reflects the ability of streaming platforms to monetize large audiences without requiring direct payments from every viewer. Targeted advertising, sponsored content, and creator-focused monetization are supporting this model across entertainment, gaming, sports, and social streaming environments. Subscription-Based is projected to be the fastest-growing revenue model, recording a CAGR of 31.67% through 2034. Recurring payments provide platforms with predictable revenue while enabling premium content, exclusive broadcasts, and enhanced viewing experiences. The model is gaining traction as audiences become more willing to pay for specialized content, ad-free access, and membership-based communities, supporting live streaming market growth through recurring revenue opportunities.
Live Streaming Market Analysis, By End-use
By end-use, the market is categorized into gaming, media & entertainment, education & professional & professional, sports, news & events, and others.
Media & Entertainment represented the largest end-use segment in 2025, generating a 37.52% revenue share. Strong audience engagement across concerts, entertainment programs, celebrity broadcasts, and digital events supports its leading position. The segment benefits from the ability of live formats to create immediate interaction, extend content reach, and generate multiple monetization opportunities across digital channels. Gaming is projected to be the fastest-growing end-use segment, with a CAGR of 30.21% through 2034. Interactive gameplay, esports, creator-led broadcasts, and real-time viewer participation are driving sustained adoption. Gaming platforms increasingly combine streaming, community interaction, and monetization features, creating stronger engagement and supporting continued expansion of live content consumption within this segment.
Live Streaming Market Regional Insights
North America Live Streaming Market
North America remains a mature and highly developed streaming region, supported by strong internet infrastructure, established digital platforms, and widespread consumption of entertainment, gaming, sports, news, and professional content. According to the International Telecommunication Union, internet usage in the region remains among the highest globally. Strong advertising and subscription ecosystems continue to support platform monetization, while creator-led content and interactive broadcasts are widening audience engagement. The region's established technology base also encourages investment in cloud delivery, analytics, and real-time content capabilities. As consumer viewing habits continue shifting toward digital channels, providers are increasingly focusing on content differentiation, platform experience, and flexible monetization models, supporting steady expansion across major application areas.
U.S. Live Streaming Market
The U.S. is projected to grow at a CAGR of 12.83% through 2034, supported by strong adoption across entertainment, gaming, sports, news, and live events. According to the International Telecommunication Union, 94.7% of individuals in the U.S. used the internet in 2024, creating a broad connected audience for real-time content. The country benefits from a highly developed ecosystem of technology companies, content creators, broadcasters, advertisers, and subscription platforms. Live sports, gaming broadcasts, concerts, and creator-led programming remain important engagement areas. Increasing integration of interactive features, advertising, and digital commerce is also creating new monetization opportunities. These conditions continue to strengthen the country's position as a major contributor to global streaming activity.
Europe Live Streaming Market
Europe represents an established streaming region, supported by strong connectivity, mature broadcasting industries, and widespread consumption of online entertainment. According to the International Telecommunication Union, Europe maintained one of the world's highest levels of internet usage in 2024. Streaming applications continue to expand across entertainment, sports, news, education, and professional communication. Subscription services and advertising remain important monetization models, while broadcasters are increasingly combining traditional programming with digital distribution. Regulatory requirements surrounding digital services, privacy, and content management also influence platform strategies across European countries. Providers are therefore focusing on localized content, reliable delivery, user engagement, and differentiated programming. These factors continue to support regional adoption while encouraging competition around technology and content quality.
U.K. Live Streaming Market
The UK market is anticipated to expand at a CAGR of 10.74% through 2034, supported by established broadcasting infrastructure, strong online-video consumption, and continued digital transformation across the media sector. According to Ofcom, online video services have become an increasingly important part of the UK's broader television and media environment. Streaming applications benefit from strong entertainment, sports, news, and event programming. Advertising-supported and subscription-based models provide important monetization opportunities, while live broadcasts help platforms create stronger audience interaction. The presence of established broadcasters and digital-content providers further supports innovation in distribution and viewer engagement. Increasing consumption through connected devices is also encouraging providers to improve accessibility, content discovery, and personalized viewing experiences.
Germany Live Streaming Market
Germany is projected to register a CAGR of 11.06% through 2034, supported by strong digital connectivity, established media infrastructure, and increasing consumption of online entertainment. According to the International Telecommunication Union, 93.9% of individuals in Germany used the internet in 2024, providing a broad connected audience. Streaming adoption spans entertainment, sports, news, education, and professional communication. Localized programming and high-quality digital delivery remain important for audience retention, while established technology capabilities support platform development. Providers are increasingly competing through content differentiation, reliable service, and flexible monetization models. Germany's strong digital environment also creates opportunities for interactive broadcasting and specialized content, supporting continued development across the country's streaming ecosystem.
Asia Pacific Live Streaming Market
Asia Pacific held the largest regional live streaming market share at 45.47% in 2025, supported by a large digital population, mobile-first consumption, expanding creator ecosystems, and strong adoption of online entertainment. According to the International Telecommunication Union, four out of five people in Eastern and South-Eastern Asia used the internet in 2024. Streaming applications are expanding across gaming, entertainment, sports, social media, news, and live commerce. Diverse consumer preferences are encouraging platforms to develop localized programming and language-specific content. Strong mobile usage also supports convenient access to real-time broadcasts across different markets. These conditions are strengthening the region's competitive position, while platform providers continue investing in content creation, audience engagement, advertising capabilities, and interactive streaming experiences.
China Live Streaming Market
China is expected to advance at a CAGR of 15.62% through 2034, supported by extensive internet usage, strong domestic digital platforms, and high engagement with online entertainment. According to the International Telecommunication Union, 91.6% of individuals in China used the internet in 2025. Streaming activity extends across entertainment, gaming, social content, live commerce, and digital events. Domestic platforms have developed strong capabilities in content distribution, audience engagement, and monetization, while localized programming supports user retention. Mobile access remains a major channel for digital consumption, helping platforms reach large audiences efficiently. Continued platform innovation and evolving digital regulations will remain important factors shaping competitive strategies and service development across the country.
Japan Live Streaming Market
Japan is likely to witness growth at a CAGR of 14.18% through 2034, supported by mature digital infrastructure, established entertainment industries, and continued consumer adoption of online content. According to the International Telecommunication Union, 82.6% of individuals in Japan used the internet in 2024. Gaming, music, entertainment, sports, and live events represent important application areas, while reliable connectivity supports high-quality real-time viewing. Platforms are increasingly using interactive features to improve audience engagement and strengthen content differentiation. Japan's advanced technology ecosystem also supports innovation in streaming delivery, digital production, and connected-device experiences. These factors create favorable conditions for continued adoption as providers develop specialized content and more engaging digital viewing formats.
India Live Streaming Market
India is projected to grow at a CAGR of 17.34% through 2034, supported by expanding connectivity, mobile-first consumption, and rising participation in digital entertainment. According to the International Telecommunication Union, 79.9% of individuals in India used the internet in 2025. Streaming applications are gaining traction across entertainment, gaming, education, sports, news, and social content. India's linguistic diversity provides significant opportunities for localized programming, while mobile access helps platforms reach audiences across both urban and developing markets. Affordable digital services and creator-led content are also supporting wider participation. As providers expand regional-language offerings and interactive features, India is positioned to remain an important contributor to Asia Pacific's broader streaming development.
Latin America Live Streaming Market
Latin America continues to develop as an attractive streaming region, supported by expanding connectivity, increasing digital-media consumption, and growing interest in online entertainment. According to the World Bank, internet usage across Latin America and the Caribbean reached 84% in 2024, providing a broad foundation for digital service adoption. Entertainment, sports, gaming, news, and social broadcasting represent important application areas. Local-language content and regional creators can help platforms strengthen audience engagement, while advertising-supported services provide accessible monetization options. Subscription-based offerings also have opportunities among consumers seeking premium programming and exclusive events. Continued improvements in digital infrastructure should support broader adoption, while providers increasingly adapt pricing, content, and monetization strategies to local consumer preferences.
Middle East & Africa Live Streaming Market
Middle East and Africa is projected to register the fastest growth at a CAGR of 32.41% through 2034, supported by improving connectivity, mobile adoption, and expanding digital audiences. According to the International Telecommunication Union, three out of four people in Northern Africa and Western Asia used the internet in 2024. Streaming opportunities are expanding across entertainment, sports, gaming, news, cultural programming, and live events. Mobile access remains particularly important for reaching audiences in markets where fixed broadband infrastructure is less developed. Local-language content and affordable services can further encourage participation. Providers are also exploring new monetization approaches as digital audiences expand. Differences in infrastructure, regulation, and consumer behavior will remain important considerations for regional expansion strategies.
GCC Live Streaming Market
The GCC provides favorable conditions for streaming adoption, supported by advanced digital infrastructure, high connectivity, and strong investment in technology-driven services. According to the International Telecommunication Union, internet usage reached 98.1% in Qatar and 95.3% in Oman in 2024. Live sports, entertainment, gaming, cultural events, and professional broadcasts represent important application areas across the region. High-quality connectivity supports reliable real-time viewing, while multilingual audiences create opportunities for localized and international programming. Digital transformation initiatives are also encouraging investment in cloud infrastructure, content platforms, and advanced audience services. As competition develops, providers are likely to focus on premium content, exclusive events, platform quality, localization, and interactive features to strengthen audience engagement and commercial opportunities.
Live Streaming Market Competitive Overview
The competitive landscape is shaped by platform reach, content discovery, monetization capabilities, streaming quality, creator ecosystems, and regional localization. Leading providers are strengthening differentiation through advertising technology, subscription tools, interactive features, cloud infrastructure, and AI-supported moderation. Partnerships with content creators, media organizations, sports rights holders, and enterprise customers remain important for maintaining engagement. Regulatory requirements around privacy, copyright, advertising, and online safety are also influencing platform strategies and operating models. Established technology providers benefit from broader infrastructure capabilities, while specialized streaming companies compete through lower latency, professional broadcasting tools, and flexible deployment options.
Leading Market Players in the Live Streaming Market
- Twitch Interactive, Inc.: Twitch focuses on interactive live broadcasting, particularly gaming and creator-led content, with community engagement built around live chat and audience participation. Its platform model supports creators through monetization features, subscriptions, advertising, and audience interaction. Competitive strength comes from its established streaming community and strong association with gaming culture. Continued differentiation depends on creator retention, content discovery, moderation capabilities, and improvements to monetization tools. The company also operates within a highly competitive environment where creators can distribute content across several platforms.
- YouTube Live [Alphabet Inc.]: YouTube Live benefits from integration with the broader YouTube ecosystem, allowing creators and organizations to combine live broadcasts with recorded and short-form content. Its extensive discovery infrastructure supports audience acquisition across multiple content categories, including entertainment, education, news, sports, and gaming. The platform can leverage advertising, creator tools, analytics, and recommendation capabilities to strengthen engagement. Its competitive position is also supported by integration across a wider digital ecosystem.
- Meta Platforms Inc.: Meta Platforms competes in live streaming through its broader social ecosystem, connecting live video with communities, creators, messaging, advertising, and social interaction. Its strength comes from the ability to distribute live content within established user networks and integrate broadcasts with other engagement formats. The company can support monetization through advertising and creator-focused tools while using data-driven personalization to improve content discovery. Competition remains intense as creators can move audiences across platforms.
List of Companies Profiled in the Report are:
By Component By Type By Revenue Model By End-use
Global Live Streaming Market Report Scope and Key Segmentation
Attributes
Report Details
2025 Market Size USD 140.46 Billion 2026 Market Size USD 173.36 Billion 2034 Revenue Forecast USD 933.33 Billion Growth Rate 23.42% from 2026-2034 Study Period 2026-2034 Units Used USD Billion Key Segments Geographical Coverage Companies Profiled
*No particular order has been followed while listing the company names.
*List of companies to be profiled in the report can be customized.
Analyst’s View on the Live Streaming Market
- Live streaming is moving beyond entertainment toward commerce, education, professional communication, sports, and interactive events. Providers with diversified content categories and strong monetization systems are better positioned to capture sustained audience engagement.
- Platform differentiation increasingly depends on creator economics, recommendation quality, moderation, and seamless multi-device delivery. Companies strengthening these capabilities can improve retention while protecting their competitive position and supporting a stronger live streaming market share.
- AI is becoming an important competitive tool for moderation, translation, content discovery, automated production, and personalization. Its effective deployment can reduce operational workloads while improving the viewer and creator experience.
- Connectivity expansion, particularly through mobile broadband and 5G, should support broader adoption in emerging markets. However, infrastructure costs, regulatory requirements, copyright obligations, and cybersecurity risks will continue influencing investment decisions and operating strategies.
- Long-term competitive advantage will favor providers that combine scalable infrastructure with differentiated content ecosystems, flexible monetization models, strong partnerships, and localized experiences. Efficiency and adaptability will become increasingly important as competition intensifies.
List of Segments Covered
This section of the market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component By Type By Revenue Model By End-use
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Frequently Asked Questions (FAQs) about this Report
How big is the Global Live Streaming market?
According to Value Market Research, the Global Live Streaming market size was estimated at USD 140.46 Billion in 2025 and is expected to reach USD 173.36 Billion in 2026.
What is the Global Live Streaming market growth?
The Global Live Streaming market is expected to grow at a CAGR of 23.42% from 2026-2034 to reach USD 933.33 Billion by 2034.
Which region holds the highest share in the Global Live Streaming market?
Asia Pacific held the highest share in the Global Live Streaming market.
How is the Global Live Streaming market segmented in the report?
The Global Live Streaming market is segmented By Component (Platforms, Services), By Type (Audio Streaming, Video Streaming), By Revenue Model (Ad-Supported, Subscription-Based, Pay-Per-View), By End-use (Gaming, Media & Entertainment, Education & Professional & Professional, Sports, News & Events, Others).
Which segment accounted for the largest live streaming market share?
The video streaming segment led the market, accounting for 92.63% of the market in 2025.
What are the factors driving the live streaming market?
Key drivers include wider internet access, mobile broadband adoption, 5G connectivity, increasing creator participation, interactive entertainment, gaming, sports broadcasting, digital events, and growing use of real-time video across consumer and enterprise applications.
Who are the key players in the Global Live Streaming market?
Some key players include Twitch Interactive, Inc., YouTube Live [Alphabet Inc.], Meta Platforms Inc., Huya Inc. and DouYu International Holdings Ltd..
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