ByteDance launches mobile payments on China's version of TikTok
ByteDance has launched its own payments service for Douyin, the Chinese version of its video app TikTok.
300 TikTok, ByteDance workers have backgrounds in China’s propaganda system, Forbes
Forbes Magazine believes that about 300 people currently working for social media giant TikTok and its Chinese developer ByteDance have roots in China’s propaganda industry.
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TikTok’s Owner Is Taking Over the World
Bytedance, the company behind hit video app TikTok, has achieved
extraordinary success in its home country China. Now it wants to be the next global internet titan.
Video by Vicky Feng
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Douyin Launches Payment Solution
ByteDance (the owner of Douyin) wants a piece of the mobile payments market. Douyin Pay launched a couple of days ago, and now they’re ready to entice new users with red envelopes during the Spring Festival Gala: a CCTV special and the most-watched TV show in the world.
Will it work? Well, there are a lot of companies fighting for space in this already competitive market, and we don’t think many (or maybe any) will succeed. If they want to be successful in the long run, they’ll need to offer something special.
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The Rise of TikTok: From Chinese App to Global Sensation | WSJ
Video-sharing app TikTok has come to rival some of the world’s most popular social-media platforms in just a few years. WSJ looks at how Chinese startup ByteDance took TikTok to the masses and why it attracted regulatory scrutiny. Video/illustration: Jaden Urbi/WSJ
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