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Inside China Tech: ByteDance, Baidu plot next moves as Ehang encounters turbulence
ByteDance gets busy on IPO, searchFor a long time, China’s internet sector has been dominated by the triumvirate known as BAT – referring to online search kingpin Baidu, e-commerce leader Alibaba Group Holding, and video games and social media giant Tencent Holdings.In the past few years, however, another company has emerged in a position to take over the spot held by Baidu in that elite group, tech unicorn ByteDance. The Beijing-based start-up has rapidly grown on the back of its three most…