Why it matters: LGUplus, a South Korean telecommunications provider, has seen a significant increase in smartphone subscriptions through its live-streaming commerce platform, UplusLIVE.
This reflects a broader trend in the telecom industry, where companies use interactive platforms to better connect with their customers.
The Key Points:
- The company reported a 172% increase in smartphone subscriptions through UplusLIVE compared to last year.
- UplusLIVE uses data-driven strategies to personalize its live streams according to customers' lifestyles and preferences, which resonate with the customer base.
- LGUplus has upgraded its platform to ensure fast smartphone activation and promises same-day delivery for transactions completed before 3 pm.
- The telco plans to increase the frequency of its live streams and expand its product offerings based on ongoing customer analysis.
The Big Picture: The success of LGUplus' live streaming commerce venture suggests that companies are finding new ways to use technology and data analytics to improve the customer experience and drive growth.
This trend could significantly change the digital shopping landscape and shape future strategies in the telecom industry and beyond.