Could TikTok-owner ByteDance’s new payment licence be its ticket to e-commerce success?

//Could TikTok-owner ByteDance’s new payment licence be its ticket to e-commerce success?

Could TikTok-owner ByteDance’s new payment licence be its ticket to e-commerce success?

Chinese entertainment start-up ByteDance is best-known as the company behind TikTok, the app that took the world by storm with its quirky dance videos and viral pranks. But lately it has been pushing into a completely different field – e-commerce – and analysts say its efforts could be boosted by its recently obtained online payment licence.The Beijing-based company recently obtained a domestic online payment licence by acquiring the parent company of third-party payment service UIPay, Wuhan…

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By | 2020-09-13T22:00:12+00:00 September 13th, 2020|Business|Comments Off on Could TikTok-owner ByteDance’s new payment licence be its ticket to e-commerce success?