ByteDance

Huang Xu, an analyst, said that actually Tencent did not have the obligation to open to Douyin, given that the two were both competing for people’s online time.

Short-video app Douyin, which is known outside of China as Tik Tok, found that one gateway it relied on for onboarding new users – via WeChat – had been shut down on Tuesday. Douyin/Tik To

The move will bring two of WeChat’s challengers under one umbrella.

A slowing Chinese economy has dragged down the company’s earnings.

ByteDance enters China’s social messaging market.

Is ByteDance becoming the next giant slayer? Will it succeed?

As the highest valued tech unicorn on the planet, the only thing could dwarf ByteDance’s valuation is its grand ambition.

Zhang’s step back from the daily operations of Toutiao will allow him more time to focus on Bytedance’s corporate strategy.