Popular live streaming platform company Guoxin Live signed up on March 20 to build an e-commerce center at Hailing Industrial Park, located in Hailing district of Taizhou city in East China's Jiangsu province.
The move is seen as being a significant step forwards in the park's e-commerce sector.
Guoxin Live Streaming is said to have played a pivotal role in fostering the growth of local live streaming industries and nurturing live streaming talent.
It's understood that its new Taizhou base will cater to various sectors – offering comprehensive live streaming services for brands, agricultural products, supply chain ecosystems and government affairs.
By amalgamating cutting-edge technology with traditional media, the initiative aims to deliver an appealing interactive experience, meeting the rising demand for real-time, interactive and authentic information.
As part of the company's expansion plans, the project intends to introduce at least 20 top brand live streaming rooms.
Of these, plans are to establish the largest local maternity and baby products live streaming room and a clothing warehouse live streaming center. There are also plans for a food and beverage live streaming room, as well as top agricultural, cultural and tourism live streaming rooms and an AI digital human development center.
The first phase of the facility will have a floor space of at least 10,000 square meters, with provisions for gradual expansion in accordance with operational demands. When completed, it's forecast to generate annual revenue of up to 300 million yuan ($41.63 million).
An artist's rendering of the Guoxin Live Streaming e-commerce facility. [Photo/WeChat account: gh_4df9b5f9b40b]