Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

//Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

Internet giant Tencent Holdings is merging its two video platforms in a major reorganisation to buttress its efforts against ByteDance-owned Douyin, the Chinese version of TikTok, according to sources familiar with the matter.Tencent Video, the company’s long-form video platform, and short video service Weishi are being combined into a new online video operation under the Hong Kong-listed firm’s platform and content group (PCG), one of its six business units. Shenzhen-based Tencent, which runs…

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By | 2021-04-15T07:24:27+00:00 April 15th, 2021|Technology|Comments Off on Tencent merges video platforms to sharpen competition with TikTok owner ByteDance