PANDAILY - Tencent's NOW Live, a platform combining live streaming, short videos, and social networking, ceased operations on Dec 27 due to "business adjustment." The announcement mentioned the discontinuation of new user registrations on Dec 5 and the shutdown of various platform activities on Dec 11 and 26. Tencent NOW Live, operational for ~7 years, had focused on "pan-entertainment live broadcasting" and received substantial investments to support content creation.
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