The emerging virtual idol sector, backed by China’s younger generation, has been on the fast development track in recent years, with more domestic internet firms increasing investment in this nascent sector.ĭespite the size of China’s virtual idol industry being less than 100 million yuan ( $14 million) in 2018, with increased investment, it is expected to grow to 1.5 billion yuan by 2023, according to Newsijie.cn. With commercial programming, the 3D virtual figure will engage in business endorsements, live broadcasts, and participate in online and offline activities.ĬEO and Xmov founder Chai Jinxiang said virtual IP value will be released at the maximum level via livestreaming and short videos. Recommended AI News: Frost & Sullivan Presents A Strategic Framework For A Blockchain-Enabled World Ling’s team will generate content around such characteristics as the national essence of Peking Opera and the combination of classic and modern fashion on social platforms like Weibo, Instagram, and TikTok, Xmov said in a statement.
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