TikTok owner ByteDance ramps up local services expansion, squaring off against industry leader Meituan

//TikTok owner ByteDance ramps up local services expansion, squaring off against industry leader Meituan

TikTok owner ByteDance ramps up local services expansion, squaring off against industry leader Meituan

Tech unicorn ByteDance is ramping up its challenge to Meituan, operator of China’s dominant food delivery provider, through its short video-sharing platform Douyin, the sister app of TikTok, in a move that will expand the country’s e-commerce market for local services.Douyin, which started its local services foray in 2018, is now providing a service covering “local eateries, drinking, fun and entertainment” to its 600 million daily active users (DAUs), showing popular destinations in a city in…

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By | 2021-04-24T04:00:22+00:00 April 24th, 2021|Technology|Comments Off on TikTok owner ByteDance ramps up local services expansion, squaring off against industry leader Meituan