![]() Other players include JD.com's JD Pay, Baidu Wallet, and Meituan Pay.ĭoes WhatsApp's new privacy policy spell the end for your privacy? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. It provides a glimpse of what TikTok could eventually become, as Douyin started selling merchandise in 2017 and now operates a growing e-commerce operation where hundreds of millions of users shop on a daily basis.īyteDance's expansion comes as China's financial regulators are tightening oversight over financial technology firms, particularly companies such as Ant Group.Ĭhina's third-party payment sector is dominated by Alipay and WeChat Pay, with the former taking 55.39 percent of the total market in the second quarter of last year, according to market researcher Analysys. Global App Spending on Christmas Grew 35 Percent in 2020: Sensor Towerĭouyin is the main revenue generator for ByteDance.On 20 January the Chinese central bank issued new anti-trust measures that would empower it to break up third-party payments platforms. On Friday, it looked like the US was ready to ban new downloads of TikTok and WeChat, two popular China-based apps that the Trump administration warned posed security threats to American users.The. The filing of the lawsuit comes amidst the Chinese government’s stepping up of anti-trust measures to deal with the immense power of China’s Internet and fintech giants.īoth Alibaba and Tencent were hit with penalties by the State Administration for Market Regulation (SAMR) in early December for breaches of the anti-trust law, while Chinese regulators launched an anti-trust probe into Alibaba towards the end of the same month. In contrast to Tencents ‘one app, two systems’ arrangement for WeChat/Weixin, ByteDance operates on the principle of ‘two apps, two systems’ for TikTok and its Chinese counterpart Douyin. Tencent also said that ByteDance and associated companies have engaged in “multiple forms of illegal and irregular conduct that violates the platform ecosystem and the rights and interests of users.” ![]() TikTok or WeChat, or access any website developed by ByteDance Ltd. ![]() “ has already received multiple orders from courts of law demanding that it immediately cease such infringements.” Douyin Pay, which functions similarly to reigning Chinese electronic wallets WeChat Pay and Alipay, aims to supplement existing major payment options, and. Douyin and its international counterpart TikTok have routinely topped the global chart of the most downloaded non-game app in Apples App Store since 2018. China, and any successor company or entity owned by such company. “ByteDance’s accusations are purely fabricated, and are a form of malicious framing,” said Tencent.Īccording to a report from China Securities Journal Tencent also said that “many of ByteDance’s products including Douyin have employed various forms of unfair competition to breach the law and obtain the personal information of WeChat users and violate platform regulations. Tencent said in a statement that it “abides by fair competition and the concepts of open cooperation in providing its services to users and third party products.” Chinas third-party payment sector is dominated by Alipay and WeChat Pay, with the former taking 55.39 of the total market in the second quarter of last year, according to market researcher Analysys. Because there are currently no other operators on the Chinese market that provide services on the same level as WeChat and QQ, ByteDance says that Tencent possesses “market allocation position.” ByteDance said that this has made them “foundational applications” with the largest number of Internet users in China, as well as the highest penetration and usage rates.Īccording to ByteDance the sharing function of instant messaging services as well as their network effects mean that users cannot migrate en masse. Tencent’s WeChat and QQ instant messaging platforms have monthly active users of over 1.2 billion and 600 billion respectively. The ban poses unique challenges for Chinese Americans and Chinese expatriates who rely on WeChat. On 2 February ByteDance officially filed a lawsuit against Tencent at the Beijing Intellectual Property Court (北京知识产权法院), alleging that Tencent’s restrictions on the sharing of Douyin (the Chinese counterpart to TikTok) content by users of the WeChat and QQ platforms is in breach of China’s “Anti-Trust Law” (反垄断法).īyteDance claims that such conduct by Tencent breaches the Anti-Trust Law’s provisions on “monopoly conduct the abuses market allocation positions, and excludes or restricts competition.” It has requested that the court order Tencent to immediately cease such behaviour, as well as provide 90 million yuan in compensation to ByteDance for economic damages. ByteDance, TikToks parent company, to sell. TikTok-owner ByteDance has filed a lawsuit against Chinese Internet giant Tencent for barring content from Douyin on its platforms.
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