Finally, the game ended with Lin Chen's pentakill. Lin Chen stretched contentedly before seriously considering Zhang Yiming's question.
Cross-border live streaming?
This sounds interesting, but it touches on a very fundamental issue.
So, if Korean and "Little Rizi" streamers do educational live streams, doesn't that mean all the money goes to the Koreans and "Little Rizi"? Isn't that going against the natural order? I'm supposed to be making money off them, so how can I build a platform for them to make money off us?
etc.
Lin Chen suddenly thought of Little Ma's trick—recharge and deduct coins!
Lin Chen smiled and said.
"Old Zhang, modify the recharge system for our overseas version of TikTok. Change it to a 'deposit only' model, like Tencent's deduction system. Use real money to buy our virtual currency, and then use it for tipping and trading. Of course, the virtual currency can be used to buy things in any TikTok live stream room and TikTok store; it's universal."
After thinking it over, Zhang Yiming understood: the goal was to bring all the money earned by foreign livestreamers back to China.
Even though they made a lot of money through live-streaming teaching and product sales, they couldn't withdraw the money. However, they could spend it in Douyin live-streaming rooms and Douyin Mall.
However, the products sold in Douyin live streams must be sourced through official Douyin channels, so ultimately the money will still go to the company's own boss.
"Brilliant! But boss, won't this create resentment among the Koreans and the locals?"
"No, their acceptance of cryptocurrencies is actually higher than in China, influenced by the US."
"Okay, I'll go and ask them to modify the program."
A week later, Xiaomi's flagship store in Tokyo also announced its official opening, and at the same time, the overseas version of TikTok was officially launched.
In Seoul and Tokyo, advertisements for the overseas version of TikTok are everywhere, and celebrities from major entertainment companies have also announced their entry into the overseas version of TikTok.
On the one hand, it's because Douyin (TikTok) offers a lot.
On the other hand, they already know about the popularity of Douyin in China. Who would want to miss this opportunity to become famous and make money?
As a result, in just a few days, the number of registered users of the overseas version of TikTok exceeded 50 million!
Keep in mind that the combined population of South Korea and Japan is less than 200 million!
The lives of ordinary people in South Korea have undergone tremendous changes. In the past, they liked to watch YouTube while eating, but now they watch TikTok.
Many people who were originally in the self-media industry also saw the business opportunity and started to join Douyin, shoot videos and short clips, accumulate fans, and sell goods.
However, they discovered that Douyin only allows top-ups, not withdrawals. After money is deposited into Douyin, it is converted into Douyin coins according to a certain exchange rate. Douyin coins are the only universally accepted virtual currency in Douyin.
You can tip, spend money, and transfer money within the app.
But they didn't feel uncomfortable about it at all. Since they could use it anyway, what difference did it make what kind of currency it was?
Moreover, the items in Douyin live streams and Douyin Mall are even cheaper than in supermarkets, which is fantastic for ordinary people in South Korea and Japan.
Despite being developed countries, these two nations have a vast wealth gap, with the majority of wealth concentrated in the hands of a few.
The income of ordinary people at the bottom of society is barely enough to make ends meet, and they see no hope whatsoever.
In everyday life, you'll find many elderly people working in various service industries. The taxi driver might be your grandfather's generation, and the person serving you food at a restaurant might be your grandmother's generation.
There's no way around it, the pressure of life is too great.
And South Korea is even worse. With a population of only 50 million, more than 10,000 people commit suicide every year. You can imagine the despair of the ordinary people.
In both South Korea and China, the hierarchical relationship in the workplace is very obvious because everyone is afraid of losing their job. If they lose their job, they might really starve to death. Not to mention, like in China, we see the post-2000 generation reshaping the workplace.
This is something they wouldn't even dare to dream of.
Let's get back to the main topic.
Zhang Yiming discovered that, just as Lin Chen had said, the virtual currency format of the overseas version of Douyin was not hindered at all.
Moreover, while many Koreans have registered numerous Douyin accounts to share beauty and fashion tips, surprisingly, many adult film actresses have also registered Douyin accounts on Xiao Ri Zi's platform.
Meanwhile, Lin Chen was at the Shanghai government building, seeking help from the mayor.
"Mayor, you absolutely have to help me with this. Whether Shanghai can take the lead in this overseas money-making campaign depends entirely on this."
"Um, Mr. Lin, what you're talking about is unprecedented. Besides, introducing overseas short videos to China is full of sensitive risks. If something goes wrong, the impact could be terrible."
"Mayor, our country is all about embracing diversity and being inclusive. Besides, we will organize a review process, reviewing it frame by frame and second by second, before it appears in the country."
"Alright, shall I call and ask Minister Wang for you?"
"Okay, okay, thank you for your help, Mayor."
The mayor took out his phone and made a call.
Lin Chen came to the mayor for help making a phone call this time, actually to discuss the introduction of the overseas version of TikTok into China.
The number of registered users of TikTok's overseas version has reached a considerable scale, and the number of videos has also reached a certain level. It's time to ask for policy support.
Unlike feature films, which require multiple layers of review for import into China, short videos are not subject to such scrutiny. The process can take anywhere from a few months to several years.
But with short videos, let alone a few months, even a few days later, the topic will be outdated, and the short video will lose all its traffic.
Moreover, TikTok has a very strict review mechanism. Although videos from the overseas version of TikTok are stored on servers in their respective countries, they can be directly accessed and reviewed in China. Any short videos that damage the dignity of the Celestial Empire will be deleted and the accounts will be banned.
So, there's really no problem with carrying this out; the main issue is whether the higher-ups will allow it.
The mayor hung up the phone, put down his cell phone, and said...
"Hey kid, I didn't expect Minister Wang to actually agree. However, Minister Wang said that you need to grant the staff he sends review privileges. They will conduct random checks on the videos you review at any time, and if they find any problems, they may stop the project at any time."
"Understood, that's absolutely no problem, thank you, Mayor."
"Why are you being so polite with me, Mr. Lin? We can share both glory and hardship, hahaha."
Two days later, when Douyin announced that video content between Douyin and its overseas version could be shared, netizens in China, South Korea, and Japan were all in an uproar!
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