The biggest trend in Chinese social media is dying, and another has already taken its place
Live-streaming has been a dominant trend in Chinese social media, fueling fortunes and stardom. China's live-streaming sensation fueled an unprecedented boom since 2016 for some Chinese social media platforms, turning young millennials into millionaires by broadcasting their daily lives, while helping companies like YY YY , Huya HUYA , Momo MOMO and Bilibili cash in billions of dollars. "I used to spend one or two hours every day watching people live streaming," said 33-year old Zeng Hu, a project manager for an asset management company based in Jinan, China .