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17LIVE
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Social entertainment platform
January 2024
17LIVE 17LIVE Entertainment Public SGX: https://sg.finance.yahoo.com/quote/VT1.SI/ VT1.SI Live Entertainment June 2015 Jeffery Huang (Exited), Joseph Phua (Chairman) Worldwide;
Offices in Japan, Taiwan, US, Hong Kong, India / ME Alex Lien (Group CEO), Jing Shen Ng (Group CTO), Kenta Masuda (Group CFO) 17LIVE, Meme, Wave, HandsUp https://about.17.live
17LIVE is an international entertainment platform.2020-10-28 M17 Entertainment Limited changes its name to 17LIVE Inc. with new logo https://about.17.live/m17-entertainment-limited-changes-its-name-to-17live-inc-with-new-logo/ 2021-05-12 17LIVE en-US 2021-05-12 https://web.archive.org/web/20210512060332/https://about.17.live/m17-entertainment-limited-changes-its-name-to-17live-inc-with-new-logo/ dead As of 2024, 17LIVE is the #3 live broadcasting platform globally, formed by its flagship live stream app 17LIVE (LIVIT in English markets), MEME Live and live stream e-commerce platforms HandsUP and OrderPally.January 2024
History
17LIVE was first founded in Taiwan in 2015 by Jeffery Huang.硬塞的網路趨勢觀察 INSIDE 2020-11-18 黃立成自 17 LIVE 董事會卸任!釋出手中全數股權 https://www.inside.com.tw/article/21596-17LIVE-Jeff-graduation 2021-05-13 INSIDE The company has maintained its leading position since its entry into the Japan market in 2017, becoming the biggest platform for live entertainment in Japan, Taiwan, Hong Kong, and other countries.January 2024
In 2017, 17 closed out US$33M in series B 主題新聞 To 17 直播母公司強勢進攻海外市場!拿 12 億投資聯手 KKBOX 拼原創內容 https://buzzorange.com/techorange/2017/08/02/m17-entertainment-kkbox/ 2021-05-14 TechOrange 2 August 2017 zh-TW round to merge with dating software Paktor, with Joseph Phua (Co-founder of Paktor) taking over the leadership of 17LIVE as CEO and Co-founder,Tech in Asia – Connecting Asia's startup ecosystem https://www.techinasia.com/joseph-phua-steps-m17-group-ceo 2022-10-03 techinasia.com en-US as well as to enter the Japan and Hong Kong market. Within one year, 17 Media became the #1 market leader in Japan.2021-01-08 【全文】切割創辦人黃立成 17LIVE轉型娛樂大平台 https://www.mirrormedia.mg/story/20210104fin006/ 2021-05-13 Mirror Media zh-Hant
In 2018, the company raised $25M in series C round as it got ready for US IPO, which failed to materialize.17LIVE擴大直播用戶層 準備IPO計畫 https://tw.stock.yahoo.com/news/17live%E6%93%B4%E5%A4%A7%E7%9B%B4%E6%92%AD%E7%94%A8%E6%88%B6%E5%B1%A4-2021%E5%B9%B4%E6%BA%96%E5%82%99ipo%E8%A8%88%E7%95%AB-082517486.html 2021-05-16 Yahoo 18 December 2020 zh-Hant-TW 17LIVE had an unsuccessful US IPO attempt in 2018.Mia 2019-06-20 紐交所上市為何失敗?M17 執行長終於開口:我的錯 https://www.inside.com.tw/article/16691-what-happened-to-M17-ipo 2021-05-13 INSIDE Since then, the company reformed and transformed the business. Some key initiatives include the hiring of current CEO Hirofumi Ono ja 小野裕史, spin-off of Paktor (dating software business unit), full buy-out of founder Jeffery Huang, acquisition of MEME and HandsUp, and more. Despite the failed IPO attempt, the company continued to push for international expansion, including creating ‘LIVIT’ for the English-speaking markets to enter US, India, and North Africa.
In 2019, 17's flagship live streaming app reached 10M downloads in Japan, and the business continues to push for both organic and inorganic expansion. Some key M&A highlights in the year include the acquisition of MEME Live in Southeast Asia, as well as HandsUp, a live e-commerce platform.
In 2020, M17 closed out $26.5M in Series D round to continue organic growth in Japan,Taiwan-based live streaming company M17 raises $26.5 million Series D led by Vertex Growth https://techcrunch.com/2020/05/13/taiwan-based-live-streaming-company-m17-raises-26-5-million-series-d-led-by-vertex-growth/ 2021-05-17 TechCrunch 13 May 2020 en-US US and Middle East. In the same year, the company also sold its dating app business, Parktor, to rationalise M17 into a live-stream pure play business, followed by the appointment of its current Chairman, Joseph Phua, and previous Global CEO, Hirofumi Ono.2022-09-01 Alex Lien takes over the leadership as 17LIVE new Group COO https://about.17.live/alex-lien-takes-over-the-leadership-as-17live-new-group-coo/ 2022-10-03 17LIVE en-US 2022-10-03 https://web.archive.org/web/20221003042614/https://about.17.live/alex-lien-takes-over-the-leadership-as-17live-new-group-coo/ dead With the buy-out and departure of founder Jeff Huang, the parent holding company M17 Entertainment Limited was officially renamed as 17 LIVE Group.
An estimated 60 million users registered in 154 countries and territories in April 2022.Sainul How 5-year-old live-streaming app 17LIVE acquired 60M users globally https://e27.co/how-5-year-old-live-streaming-app-17live-acquired-50m-users-globally-20201228/ 2022-10-03 e27 en
In 2022, September, 17LIVE announced Group CEO Hirofumi Ono steps down. Alex Lien takes over the leadership as new Group COO; Jing Shen Ng appointed Group CTO.PR Newswire 17LIVE 17LIVE Group CEO Hirofumi Ono Steps Down https://www.prnewswire.com/news-releases/17live-group-ceo-hirofumi-ono-steps-down-301616024.html 2023-01-30 en
In 2023, March, 17LIVE announced Alex Lien promoted to Global CEO. Kenta Masuda appointed as Global CFO.
Collaboration with Ayumi Hamasaki
To celebrate its 4th anniversary, 17LIVE collaborated with Japanese singer-songwriter Ayumi Hamasaki, who led the 17LIVE 4th Anniversary meets Ayumi Hamasaki series starting October 18, 2021.「17LIVE 4th Anniversary meets 浜崎あゆみ"シンガー発掘オーディション"」スタート!そして、10月19日には浜崎あゆみ出演のライブ配信も! (2021年10月18日) https://www.excite.co.jp/news/article/E_talentbank_255505/ 2022-12-21 エキサイトニュース 18 October 2021 ja Along with composer and arranger Yuta Nakano, Hamasaki judged auditioning artists competing for the chance to work with her and her production team for a debut single. The series was streamed live on the 17LIVE website, the final airing on November 11. The eventual winner was named as Yoshitaka_song.<浜崎あゆみ 独占インタビュー>「光が続いていくように…」アーティストとしての覚悟とは?次世代シンガーへの期待も語る - モデルプレス https://mdpr.jp/interview/detail/2918397 2022-12-21 モデルプレス - ライフスタイル・ファッションエンタメニュース 14 December 2021 ja
When asked why she collaborated with 17LIVE as a producer, Hamasaki commented: "Although the world has become like this (during COVID-19), I believe that the art of entertainment can give people dreams, hope, courage, and strength. I hope that kind of light will continue to shine through the entertainment industry."
Features
On 17LIVE, artists (LIVERs) are able to broadcast live, and post photos and videos from their album. The app has been designed for LIVERs to simply open the App, and start sharing contents without the need to edit or professionally curate their videos.
The platform cultivates LIVERs, supports them with a local content management team, and provides artists with various functions, such as real time chatting, gifting, fan clubs, interactive competition and events.
Today, 17LIVE has 46 thousands contracted artists and more than 2.3 million MAU, who spend 44 minutes on the platform every day. 17LIVE continues to advocate content-driven philosophy and delivers diverse topics, from politics and music to entertainment, to broaden its audience groups. 17LIVE also hosts offline flash events and concerts to attract new users and support LIVERs better connect with their fans.2020-11-25 17LIVE to Participate in Web Summit 2020 https://about.17.live/17live-to-participate-in-web-summit-2020/ 2021-05-18 17LIVE en-US 2021-05-18 https://web.archive.org/web/20210518004136/https://about.17.live/17live-to-participate-in-web-summit-2020/ dead
Operation
17LIVE has over 700 employees globally.關於 17LIVE https://about.17.live/about/?lang=zh-hant 2021-05-18 17LIVE zh-hant 2021-05-18 https://web.archive.org/web/20210518004136/https://about.17.live/about/?lang=zh-hant dead
The app provides few monetization models for LIVERs on the platform, including:
Gifting: user / fans buy virtual gifts on the app to send to their favored LIVERs.
Subscription: monthly subscription fan club service for access to exclusive content
Pay-per-view: ticket service for online streaming concerts
E-commerce: live e-commerce platform
In the past, 17LIVE has encountered some regulatory headwinds with reported incidents of inappropriate livestream content on the platform.ETtoday新聞雲 商業周刊/赴美掛牌卻無法交易 「17直播」上市喊卡獨家內幕 ETtoday財經雲 ETtoday新聞雲 https://finance.ettoday.net/news/1190277 2021-05-20 finance.ettoday.net zh-Hant-TW The incidents were direct results of the lack of oversight and supervision capability in place in the business at the time. Over the years, 17LIVE claims to have put in tremendous manpower and effort into improving, monitoring and maintaining control over both the live stream content and the KYC procedures and systems.
References
External links
Category:Photo software
Category:IOS software
Category:Android (operating system) software
Category:Mobile applications
Category:Image-sharing websites
Category:Video software
Category:Taiwanese companies established in 2015