BIGO Live earns Revenue of US $ 300M in 2017
By : Hariyanto And Aldi Firhand. A | Tuesday, May 22 2018 - 21:50 IWST
Cube TV Launch (Hariyanto / INDUSTRY.co.id)
INDUSTRY.co.id - BIGO Live launches Cube TV as a form of expansion, BIGO Live application has grown rapidly and has more than 200 million users in more than 100 countries including Japan, India and the United States.
The business has earned revenues of US $ 300 million in 2017. This is because BIGO only takes 2-5% of users to break even point and support further development.
"I am proud to announce that Cube TV is our newest product in expanding further and meeting the needs of our users," said BIGO Vice President James Wang in Jakarta, Monday (05/21/2010) evening.
James revealed, providing content that makes the users to make a purchase is a sustainable business-streaming business model. James and his team intend to continue developing this new business ambitiously.
According to James, Cube TV already has more than two million active users every month before its launch in Southeast Asia, the Middle East, South America and Russia.
"We are also sharpening strategic cooperation in shaping the internet industry for the whole world through our expertise in Artificial Intelligence (AI) technology, providing a safe, healthy environment for all users will always be our priority," James said.
Cube TV offers advanced technology that enables real-time high quality video streaming with a very short latency. Cube TV also allows users to watch live-steam and video with Blue Ray quality.