The generation driving the explosive growth in short-video and live-streaming apps is more willing to pay for online content and services, and more open to making a living off the internet
Think millennials are a tough bunch to understand? Wait till you meet the “post-millennials” – the smartphone-wielding group of youngsters born in and after the year 2000.
In China, this so-called linglinghou cohort, whose oldest members are 18, will enter the formal workforce in the coming few years and form a key pillar of consumer spending. The generation driving the explosive growth in short-video and live-streaming apps is more willing to pay for online content and services, and more open to making a living off the internet, according to a report by Sequoia Capital China. The venture capital company has invested in companies including Meituan-Dianping and VIPKid.