Bytedance

“No two services are the same,” an Instagram spokeswoman said while acknowledging that TikTok is doing “big things” in the short video format.

Bytedance wants to challenge Baidu’s dominant position in the search engine market.

Users can get loans up to RMB 200,000 (USD 28,644) at a daily interest rate as low as 0.05% in minutes.

Tencent aspires to position itself as the first player in video social networking before the arrival of the 5G era.

While ShareChat is yet to find a revenue model, ByteDance has posted its maiden profit in India.

Yinyuebang may also be ByteDance’s solution to acquiring rights to new music.

Mini programs are the current competitive arena for China’s tech giants.

Only 5% of China’s online education businesses for pre-college students are profitable, according to one estimate.