China's Dream Live, a livestreaming platform, announced its global expansion strategy Tuesday in Cannes.[Photo provided to chinadaily.com.cn]

With the boom of social media comes a variety of creative entertainment content providers, and live broadcast is one of them.

The 70th Cannes Film Festival opens on Wednesday and the star-studded red carpet is not the only thing that will grab people's attention; various entertainment enterprises could also use this opportunity to release the bold strides they want to make in the film industry.

China's Dream Live, a livestreaming platform, announced its global expansion strategy Tuesday in Cannes.

Dream Live began eying a wider overseas market last year. After landing in Taiwan, the US and other English-speaking countries have become new target regions.