Live Streaming and Social Commerce Revolutionize E-commerce in Asia
In recent years, live streaming and social commerce have been rapidly gaining popularity in Asia, especially among millennials. The combination of the widespread use of social media, the appeal of real-time videos, and the convenience of mobile payments has made online shopping a staple of Asian consumer habits.
Live streaming, in particular, has taken off in China since 2016, with amateur singers and celebrities attracting huge audiences and virtual gifts that can be converted into cash. Alibaba, for example, launched a “See Now, Buy Now” fashion show during its Singles Day event in 2017, enabling consumers to purchase the latest creations of popular brands in real-time.
The pandemic has further boosted the trend of “live shopping,” allowing businesses like farmers, jewelers, and even sellers of sports cars and property to sell their products online. Live streaming offers benefits such as real-time product presentations, live promotions, and improved customer engagement, as well as a way to provide brand experiences and build trust with consumers.
Influencers, or Key Opinion Leaders (KOLs), have also played a significant role in digital marketing in Asia, particularly in China. KOLs have helped to reassure Chinese consumers, who are wary of scams, counterfeits, and fake companies. This has allowed Chinese brands like Perfect Diary to establish themselves alongside big names like MAC, Maybelline, and Dior, with the brand relying heavily on social commerce strategies, such as the use of live streaming features launched by WeChat during lockdown. As a result, Perfect Diary has seen a tenfold increase in visitors and a three times higher conversion rate compared to other platforms, according to WeChat.
Overall, the rise of live streaming and social commerce has brought about new opportunities and challenges for e-commerce in Asia, transforming the way consumers interact with brands and businesses online.
Live Streaming Football in Vietnam: A Growing Phenomenon
Live streaming has also become increasingly popular in Vietnam, especially when it comes to football matches. With the emergence of social media platforms like Facebook, YouTube, and Instagram, it has become easier for Vietnamese football fans to watch their favorite teams play live from the comfort of their own homes.
Vietnam has a strong football culture, and the sport has been growing in popularity in recent years. The Vietnamese national team has been making waves in international competitions, and the domestic league has also been gaining traction. As a result, the demand for live streaming of football matches has increased significantly.
There are several online platforms in Vietnam that offer live streaming of football matches, including VTV, FPT Play, Xoilac and K+, among others. These platforms not only provide live streams of matches but also offer additional features such as live commentary, match highlights, and real-time statistics.
Moreover, some social media influencers and football clubs have also started to use live streaming as a means of engaging with fans and promoting their teams. For example, the Vietnamese football club Hoang Anh Gia Lai has been using Facebook Live to broadcast their training sessions and interact with fans.
Despite the growing popularity of live streaming football matches in Vietnam, there are also challenges that need to be addressed. One of the main challenges is copyright infringement, as some illegal streaming sites offer pirated content that violates intellectual property rights. In addition, there are concerns about the quality and reliability of the streams, as well as issues related to internet connectivity and bandwidth.
In conclusion, live streaming football matches has become a growing phenomenon in Vietnam, providing football fans with greater access to their favorite teams and matches. While there are challenges that need to be addressed, the increasing popularity of live streaming in Vietnam is a testament to the potential of this technology to transform the way we consume sports content.