Between late January and March, some of the company's employees were stationed in Wuhan, the capital of Hubei province, for 76 days to help build and maintain the 5G networks for local hospitals, so that ultra-high definition and low latency video transmission became possible to enable remote medical consultations and live webcasts.

By midnight, Beijing Time, nearly 3,400 medical personnel had either participated in the live webcast or watched the playback.

Two separate rooms are full of webcast equipment.

Yang showed some infrastructure set up in the village to promote the so-called internet economy, including a training school for webcast hosts, a courier firm, and an outdoor park that serves as a set where ads are shot and also doubles up as a site for tours.

Cecilia Yau, PwC Chinese mainland and Hong Kong media leader, said that consumers are gaining more power as they now watch more content such as new movies, live webcasts and online concerts through OTT video platforms, and they are diversifying their consumption scenarios.

Some people in rural areas also spend too much money on giving tips to webcasts they like, which produces discontent with their spouses and sometimes even divorce, according to The Comment, a magazine of Xinhua News Agency.

They're not allowed to give tips to webcast anchors, nor use the livestreaming function themselves.

For adults who spend too much money on giving tips or rewards to webcasts, Liu said platforms should allow them to change their minds and ask for their money back within a period of time, say 30 minutes.

In order to face fierce online market competition, local enterprises adopted webcast marketing and large data analysis to optimize production and sales.

"The succession announcement was broadcast on a webcast through the automaker's Toyota Times channel in what looked more like a stilted talk show with a host rather than a formal corporate announcement.

The bond listing ceremony was held on Thursday at the Hong Kong bourse via a live webcast, attended by Hong Kong Special Administrative Region Chief Executive John Lee Ka-chiu, Hainan Governor Feng Fei, Finance Vice-Minister Xu Hongcai and officials and executives from the two regions.

US Federal Reserve Vice-Chairman Richard Clarida said in a webcast on Wednesday that the central bank is likely to hit its inflation and employment goals by the end of 2022 and start raising interest rates again in 2023.

Online distribution of wealth management products through live webcasts, mainly for investor education and product promotion, has been gaining ground with commercial banks and their wealth units tapping this channel during the novel coronavirus outbreak because the government has been encouraging more people to stay at home to avoid infections.

CCB Wealth Management Co Ltd, a fully-owned subsidiary of China Construction Bank Corp, was one of the first companies to embrace the new medium when it conducted a three-day online wealth management course through a webcast platform last month.