Douyin


ByteDance triumphs in $4bn battle for Mobile Legends creators Montoon 

ByteDance triumphs in $4bn battle for Mobile Legends creators Montoon 

Online tech giant ByteDance is rumoured to have beaten rival Tencent in the battle to get their hands on gaming studio Montoon Technology. It emerged on Monday that ByteDance’s video games unit Nuverse has agreed to acquire the Shanghai-based gaming outfit, as it looks to further expand into the video …

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China's TikTok sues Tencent for monopolistic practices

China's TikTok sues Tencent for monopolistic practices

(ATF) ByteDance’s Douyin, the Chinese version of TikTok, has filed a lawsuit in a Beijing court against Tencent Holdings for monopolistic practices and asked for 90 million yuan (nearly $14 million) in compensation. Tencent hit back by saying ByteDance’s claims are “malicious slander” and vowed to countersue its rival.“Since April …

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Chinese video app Kuaishou plans biggest Hong Kong IPO in a year

Chinese video app Kuaishou plans biggest Hong Kong IPO in a year

(ATF) - Chinese shortform video platform Kuaishou Technology hopes to raise between $4.95 billion and $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to its term sheet.The online video site, backed by Tencent Holdings, will price …

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US Treasury seeks 'resolution' with ByteDance on security concerns

US Treasury seeks 'resolution' with ByteDance on security concerns

The US Treasury Department said on Wednesday it wants a resolution of national security concerns it has raised over China-based ByteDance's acquisition of US social media app Musical.ly, which it then merged into video-sharing app TikTok.The statement came a day after China-based ByteDance filed a petition with the US Court …

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Sunway snaps up Chinese TikTok star’s live-streaming business

Sunway snaps up Chinese TikTok star's live-streaming business

(ATF) The shares of Shanghai-listed special cable-maker Sunway have soared for two days after it said it would acquire a majority stake in Chinese TikTok celebrity Luo Yonghao’s livestream start-up at a premium of 28 times. Shortly after the announcement, Shanghai Stock Exchange issued a letter of inquiry questioning the …

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TikTok peer Kuaishou files for Hong Kong IPO

TikTok peer Kuaishou files for Hong Kong IPO

(ATF) China’s second largest online short-video company Kuaishou Technology, which is a TikTok equivalent, filed for a Hong Kong initial public offering (IPO) on Thursday that could raise up to $5 billion.The Tencent-backed start-up operates its eponymous app in China and overseas equivalents Kwai and Zynn. Its listing plans come …

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TikTok peers race for Hong Kong listing

Chinese TikTok equivalents racing for IPOs in Hong Kong

(ATF) China’s two largest TikTok equivalents, Douyin and Kuaishou, are racing to raise capital through IPOs in Hong Kong to fuel their expansion into the e-commerce space. As monetization becomes a priority, ByteDance-operated Douyin and Tencent-backed Kuaishou are both tapping livestreaming sales to be the new growth engine.Chinese online short …

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