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Tencent merges video teams to draw eyeballs away from Douyin and Kuaishou
Tencent abandoned plans to acquire iQiyi due to tightened anti-monopoly regulations.
2 mins read
Weishi
China’s largest online classifieds platform’s post-privatization future is uncertain, while analysts hint at “home” relisting option.
The press conference will be held in the form of videoconference and livestreamed via a mini app on WeChat, also broadcast live by state media CCTV.
Bytedance is a latecomer in the IoV sector filled with players including Alibaba, Tencent, and Baidu.
Despite record earnings, the ubiquitous giant faced a series of challenges in 2019 and began testing a new corporate strategy.
ByteDance, the short-video giant, has yet to prove its ability in making and managing heavy games.
The move comes after WeChat founder’s Allen Zhang announced a string of new upcoming features two weeks ago.
A regular Chinese internet user consumes over six hours of the day on digital devices.
WeChat opens up to more short-form video