Douyin

With Meituan in the lead, Douyin posing a challenge, and other contenders striving to catch up, the jury is still out on the future state of China’s local lifestyle sector.

The Chinese on-demand shopping platform has maintained its leading position despite the arrival of a new competitor in the form of ByteDance-owned Douyin.

ByteDance joins the fray in the fast-fashion industry with a new clothing retail platform available on its Douyin app.

Under a new leadership team helmed by Chew, ByteDance-owned TikTok is no longer just a popular entertainment app but a revenue-generating business.

As the Beijing-based app factory hits a ceiling for revenue growth, it will have to seek funds from public markets.

To be featured on top livestreams, merchants must pay hefty fees to multi-channel networks.

Two content promoters were charged with “accepting bribes by a non-state functionary.”

China’s changing regulatory and business environment pose great challenges to ByteDance’s future.