TikTok sister app Douyin launches payment service, picks up deal for Spring Festival Gala

//TikTok sister app Douyin launches payment service, picks up deal for Spring Festival Gala

TikTok sister app Douyin launches payment service, picks up deal for Spring Festival Gala

TikTok sister app Douyin has become the exclusive advertising partner of China Central Television (CCTV) for the Spring Festival Gala, according to sources familiar with the matter, as the ByteDance-owned short video-sharing platform introduced its own mobile payment service.The new Douyin Pay thrusts tech unicorn ByteDance as another major player in China’s lucrative mobile payments market, which has long been dominated by Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Ant Group is an…

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By | 2021-01-19T12:30:12+00:00 January 19th, 2021|Business|Comments Off on TikTok sister app Douyin launches payment service, picks up deal for Spring Festival Gala