Short-video app leader ByteDance tries again to break WeChat’s hold on social networking in China

//Short-video app leader ByteDance tries again to break WeChat’s hold on social networking in China

Short-video app leader ByteDance tries again to break WeChat’s hold on social networking in China

ByteDance Technologies may have carved out a swathe of China’s online traffic with its popular short-video and news aggregation apps, but the Beijing-based company has yet to break Tencent Holdings’ grip on social networking. It’s not for want of trying.In at least the third attempt in the past year, ByteDance will try to crack the market for social networking among China’s 829 million internet users, with a group chat within its popular Douyin short-video app. Friends who follow each other’s…

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By | 2019-08-05T22:00:08+00:00 August 5th, 2019|Business|Comments Off on Short-video app leader ByteDance tries again to break WeChat’s hold on social networking in China