Short video concept stocks declined across the board. China Youzan (08083) fell 4.13% to HK$0.116; Yingyuzhou (03700) fell 3.19% to HK$0.91.
The Zhitong Finance app learned that short video concept stocks declined across the board. China Youzan (08083) fell 4.13% to HK$0.116; and Yingyuzhou (03700) fell 3.19% to HK$0.91.
According to the news, according to CCTV news reports, since last year, the State Administration of Radio, Film, and Television has continued to carry out online micro-drama management work, strengthen standardization and management, and effectively purify the online micro-drama industry ecosystem. The next step is to once again carry out a one-month special rectification of online short dramas. Meanwhile, in recent days, Douyin, Kuaishou, and WeChat have collectively announced that they are cracking down on illegal, low-quality short dramas, and hundreds of illegal miniseries have been removed from the shelves.
Furthermore, Douyin announced that it has begun testing payment for short video content. That is, when users watch the creator's content, some content needs to be unlocked for a fee to watch all of it. The scope of coverage includes not only the short drama field where fees have been tested before, but it has also expanded to almost all categories of content, such as knowledge and entertainment, so users can pay for a single piece of content. According to reports, creators need to meet the three requirements of no illegal account ban record in the past 90 days, no fewer than 100,000 fans, and completion of Douyin real-name verification before they can launch the paid service.