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ByteDance denies it will go public in Hong Kong next quarter

ByteDance denies it will go public in Hong Kong next quarter ByteDance has responded to a report in the Financial Times that said the Chinese Internet startup plans to go public in Hong Kong as early as the first quarter of next year. “There is absolutely zero truth to the rumors that […]

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TikTok is giving China a video chat alternative to WeChat

TikTok is giving China a video chat alternative to WeChat ByteDance, the world’s most-valued startup, just launched a new social media product under its Douyin brand in what many people see as a serious attempt to challenge WeChat. Tencent has long dominated China’s social networking space with WeChat and QQ. WeChat claims to […]

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China’s obsession with short videos has its internet giants worried

China’s obsession with short videos has its internet giants worried Take a subway ride in China and expect to see a lot of commuters’ eyes glued to TikTok videos on their phones. Video clips like TikTok’s are now consuming nearly nine percent of Chinese people’s time online, a 5.2 percent jump from […]

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