Analysts from Goldman Sachs have predicted that China's video livestream market will grow to $74.72 by 2020, more than seven times what it was two years ago. "China is leading the world in live streaming," commented equity research analyst Fan Liu. The analysts are initiating buy on the two leaders of the market - US listed Chinese stocks Momo and YY - which they predict will surge to 45% and 35% respectively due to the rapid growth of the video livestream market. Analysts warned of the potential pressures of Chinese regulators however, and that social media stocks tend to be volatile.
Analysts from Goldman Sachs have predicted that China's video livestream market will grow to $15bn by 2020, more than seven times what it was two years ago. "China is leading the world in live streaming," commented equity research analyst Fan Liu. The analysts are initiating buy on the two leaders of the market - US listed Chinese stocks Momo and YY - which they predict will surge to 45% and 35% respectively due to the rapid growth of the video livestream market. Analysts warned of the potential pressures of Chinese regulators however, and that social media stocks tend to be volatile.