The billion-dollar race to corner China's streaming market

Jamie McKane

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The billion-dollar race to corner China's streaming market

Cameras flashed and fans screamed, as Liu Mou stepped into the spotlight on a sweltering summer evening. In the industrial heartland city of Wuhan, tens of thousands of spectators jam-packed the waterside strip that bore witness to Chairman Mao Zedong’s iconic swims across the Yangtze river half a century ago.

In unison, the mob roared “hubby” -- the moniker jokingly assigned to many male celebrities in China -- and Liu, 28, waved back with a smirk.

[Bloomberg]
 
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