As usual, we’ll start off by going over some of the key vocabulary from today’s story. First up we have the verb “to be faced with something”, which means to find yourself in a difficult situation that you have to deal with. The next word, “to forge”, has many meanings, but in the context of this story it means to create something strong and lasting by putting in a lot of effort. Then we have “to broadcast”, or to send a program out through communication media, such as television, radio, or, in this case, a livestream. And an “interaction” takes place when two or more people communicate with each other. After that, we have a “boom”, a sudden increase in economic growth that leads to increased profits. And “consumer engagement” describes interactions between customers and a company that add to the user experience, such as social media campaigns, loyalty programs, or feedback forms. One important goal of consumer engagement is to create a “bond”, or a strong relationship or connection, so that customers feel encouraged to buy more. And finally, a “transaction” occurs when something is bought or sold.
Now let’s find out more about the livestreaming industry in China.