Short Video

Tencent would own 20% of Kuaishou after the completion of the deal.

ByteDance, YY.Inc and Kuaishou expand their rivalry overseas.

ByteDance comes in second behind Alibaba but ahead of Baidu in China’s digital media spending market by revenue.

TikTok also seeks to launch music streaming app in India next month.

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

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

Baidu will offer original short-video dramas conceived specifically for the app.

The Chinese giant is trying to take over on Douyin and Kuaishou.