MoonPay CEO, Other Executives Cashed Out Before Crypto Business DroppedRead more

Briefing
asia

Tencent Takes Aim at ByteDance With New Short Video Feature

By
Shai Oster
· · Source: Bloomberg

Tencent was caught flatfooted by the surging popularity of ByteDance’s first breakout domestic hit, Toutiao, an app that used computer algorithms to deliver personally tailored news and entertainment. Tencent’s own version never attained the same status, even though the social network WeChat is used by basically everyone in China.  Now, Bloomberg reports, Tencent is taking aim at ByteDance with...

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