Various versions of Tiktok differ from country to country, and all … ByteDance said in a statement to CNBC that LatePost's figures on GMV are not accurate and that third-party sales resulting from re-directed user traffic should not be counted as part of the GMV. BEIJING (Reuters) - ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent Holdings for monopolistic behaviour … But how can brands … ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China. The latest online payment participant is Douyin, the Chinese version of TikTok. With about 68 million native speakers, Cantonese is the second most widely spoken Chinese language. Douyin was launched by ByteDance in China in September 2016. The company primarily makes money by selling virtual gifts that users can buy for their favorite live streamers. We want to hear from you. Thomas Graziani September 28, 2020 New WeChat features With hundreds of millions of RMB of sales generated in a single live-stream, Douyin (the Chinese version of Tik Tok) is becoming a growing hub of e-commerce in China. "They provide a one-stop shop through their ecosystem," Dalai said. Tencent's Wechat messaging app, which counts more than 1 billion daily active users, has also become a platform for online shopping. Tencent restricts users from sharing douyin … "Along with various types of e-commerce players springing up in recent 2-3 years, including live streaming, social commerce, etc, customers' appetites on online shopping platforms are also diversifying," Morgan Stanley analysts said in a report last month. Douyin's lawsuit comes as Chinese regulators step up regulations on tech giants. 59.1% of users are between the ages of 24 and 40, and the number of users under the age of 24 is approximately 25%. Kuaishou shares surged nearly 200% at the open Friday. Taobao Live generated over 400 billion yuan in GMV, China Internet Network Information Center (CNNIC), livestreaming e-commerce users surged by 123 million. The American Eskimo Dog was allegedly found outside a dog meat shop. Popular livestreaming and short video apps became significant marketing channels in 2020, generating billions in merchant sales by connecting viewers to existing e-commerce sites, or their own. Douyin is an app that is only used in mainland China. The lawsuit was originally filed on Feb. 2 in Beijing. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Got a confidential news tip? Barings says China's e-commerce space is 'getting more interesting', Kuaishou, which on Friday raised more than $5 billion in Hong Kong's biggest IPO. Ly by Bytedance Ltd", "TikTok's deal with Oracle and Walmart is in its own lame-duck period", "TikTok Files for Injunction to Stop Ban of App", "U.S. Judge Halts Trump's TikTok Ban, Hours Before It Was Set To Start", "TikTok Stars Proved Key in Strategy to Fight U.S. Ban", "TikTok Download Ban Is Blocked by Second Judge", "U.S. Judge Halts Trump's TikTok Ban, The 2nd Court To Fully Block The Action", "Second judge says Trump can't ban TikTok", "Indonesia blocks 'pornographic' Tik Tok app", "Bangladesh 'anti-porn war' bans blogs and Google books", "Pakistan Bans TikTok, Citing Morals. Liu Keqing, 63, has seen his social media account on Chinese TikTok-like Douyin blocked by the authorities multiple times because he 'violates the … Later, TikTok was launched in 2… About two-thirds of these users have made a purchase while watching a livestream, the report said. Data Source: iimedia, Douyin’s MAU. Livestreaming and short video apps became significant marketing channels in 2020. Thus, Douyin, or TikTok marketing in China represents a great opportunity for … Chinese antitrust law forbids companies holding dominant market positions from trying to eliminate or restrict competition, according to CGTN. BEIJING, Feb 2 (Reuters) - ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent 0700.HK for … Just take the example of short video and livestreaming app Kuaishou, which on Friday raised more than $5 billion in Hong Kong's biggest IPO since the coronavirus pandemic, according to Wind Information. 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According to CGTN, the Beijing Intellectual Property Court has accepted Douyin’s case. Douyin (TikTok China), the leading destination for short-form video in China, to change the display language on it, you can follow us to see How to change language on TikTok China ~ In this article, we will introducing the way to change your preferred language on Douyin (TikTok China), let’s get into it. A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in … according to a report Wednesday from Chinese tech news site LatePost. In January, WeChat said GMV for businesses running their own mini-programs in the app rose 255% last year to an undisclosed amount, while GMV for physical goods sold through those programs rose 154%. Online retail sales of physical goods in China rose 14.8% last year to a total of 9.759 trillion yuan, accounting for a quarter of all consumer goods sold in the country, the National Bureau of Statistics said. 1 | Diary of a Song", "TikTok is changing music as you know it", "The life and rise of Lil Nas X, the 'Old Town Road' singer who went viral on TikTok and just celebrated Amazon Prime Day with Jeff Bezos", "How Lil Nas X and 'Old Town Road' Defy Categorization", "Lil Nas X makes Grammy history as the first openly gay rapper nominated in top categories", "TikTok Is the New Music Kingmaker, and Labels Want to Get Paid", "TikTok Teens and K-Pop Stans Say They Sank Trump Rally", "The President's Shock at the Rows of Empty Seats in Tulsa", "Conspiracy theories are finding a hungry audience on TikTok", "COVID-19 Conspiracy Theorists Have Found A New Home On TikTok", "Presenting: The Official (Fake) Ratatouille Playbill", "Tiktok Influences on Teenagers and Young Adults Students: The Common Usages of the Application Tiktok", "Navigating the New Era of Influencer Marketing: How to be Successful on Instagram, TikTok, & Co", "10 TikTok Statistics That You Need to Know in 2019 [Infographic]", "13 TikTok Stats for Marketers: TikTok Demographics, Statistics, & Key Data", "Analyzing Tik Tok user growth and usage patterns in 2020", "TikTok reveals detailed user numbers for the first time", "India bans TikTok and dozens more Chinese apps", "India to impose permanent ban on 59 Chinese apps, including TikTok - Indian media", "TikTok is laying off employees in India as ban becomes permanent", "Executive Order on Addressing the Threat Posed by TikTok", "Addressing the Threat Posed by TikTok, and Taking Additional Steps To Address the National Emergency With Respect to the Information and Communications Technology and Services Supply Chain", "Trump issues executive order banning TikTok from operating in 45 days if it's not sold by Chinese parent company", "Order Regarding the Acquisition of Musical.ly by ByteDance Ltd", "White House Presses To Move Forward With TikTok Ban", "Order Regarding the acquisition of musical. Douyin was developed in 200 days, and within a year got 100 million users, with more than 1 billion videos viewed every day. Along with various types of e-commerce players springing up in recent 2-3 years, ... customers' appetites on online shopping platforms are also diversifying. However, most of the GMV went to third-party e-commerce sites like JD.com and Alibaba's Taobao, the report said. The short video app recently added "Douyin Pay" to its list of existing payment options, which include Alipay and … However, most of the GMVs went to third-party e-commerce sites such as JD.com and Taobao from Alibaba, according to the report. Tencent restricts users from sharing Douyin content on its instant messaging apps WeChat and QQ, which should be prohibited by anti-monopoly law, ByteDance … Douyin, the Chinese version of ByteDance-owned TikTok video app, saw e-commerce transactions triple last year to 500 billion yuan in GMV, according to a report published on the Chinese technology news site LatePost on Wednesday. (Part 1)", "TikTok Star Charli D'Amelio Officially Leaves the Hype House", "TikTok's Renegade dance : An internet success across the United States", "How TikTok Gets Rich While Paying Artists Pennies", "How Lil Nas X Took 'Old Town Road' From TikTok Meme to No. On these platforms, the AI-driven “swipe” replaces the need to … will double in the next decade to $12.7 trillion. Extreme E, the new electric off-road racing series, has confirmed a partnership with Chinese sports content app Douyin. For example, Alibaba's video streaming sales site Taobao Live generated over 400 billion yuan in GMV for 2020, according to the latest earnings report. Douyin targets millennials and Gen Z. Douyin is very popular among young Chinese consumers; hence millennials and Gen Z are the key users of this app. Short video and live streaming app Kuaishou said gross merchandise volume (GMV) for the 11 months through November grew nearly eight times from a year ago to 332.68 billion yuan ($51.44 billion). Viral footage from Douyin, the Chinese version of Tik Tok, shows a frightened dog giving its paw to a stranger. The Beijing Intellectual Property Court Sunday accepted the case filed by the popular Chinese short-video platform Douyin against the Internet … China is now home to a growing number of short-form video platforms, the most popular being China’s version of TikTok, Douyin (over 600 million daily users), and Kuaishou(over 257 million users). Douyin users can choose Douyin Pay to make purchases within the short-video app. "These retailers, they're not suffering even with these new e-commerce players coming out.". Where Douyin is a newcomer to the tradition (its rival Kuaishou handed out 1 billion yuan in red packets last year), the power move highlights the Chinese population’s sky-high digital engagement rates and the increasingly competitive battle for screen time. 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ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent Holdings for monopolistic behaviour and … This huge community publish over 1.5 … As of August 2020, Douyin had over 600 million daily active users and 700,000 sports content creators. BEIJING — Chinese consumers are shopping more through livestreaming and video apps — a new trend that's grabbing a slice of the massive market traditionally dominated by e-commerce giant Alibaba. BEIJING, Feb. 7 (Xinhua) -- The Beijing Intellectual Property Court Sunday accepted the case filed by the popular Chinese short-video platform Douyin against the Internet giant Tencent over alleged monopolistic behavior. GMV is a metric commonly used in e-commerce to measure the total value of goods sold over a certain period of time. There is almost no information online about A Yue … They predict Chinese consumer spending overall will double in the next decade to $12.7 trillion. TikTok, known in China as Douyin (Chinese: 抖音; pinyin: Dǒuyīn), is a video-sharing social networking service owned by Chinese company ByteDance. Douyin 抖音, the Chinese version of TikTok. Douyin, the Chinese version of the TikTok video app that's owned by ByteDance, saw e-commerce transactions triple last year to 500 billion yuan in GMV, according to a report Wednesday from Chinese tech news site LatePost. Data is a real-time snapshot *Data is delayed at least 15 minutes. Douyin claims that Tencent has … 云与海 (Yún yǔ hǎi, Cloud and Sea) by A Yue Yue. Reuters reports that the company is busy expanding into e-commerce, as Douyin Pay (Douyin Zhifu) has been added to the app’s options.. Other payment tools on Douyin … China’s Douyin, the Chinese version of TikTok, is suing fellow internet titan Tencent over allegedly monopolistic behavior. Douyin launched its own payment service on January 19, joining an already crowded market. The electric off-road racing series has joined ByteDance-owned social networking platform to boost fan engagement in China.Douyin’s 600 million-strong daily active users and roster of 700,000 sports content creators will help Extreme E to extend its reach. Douyin has accused Tencent of restricting Douyin … The social media platform is used to make a variety of short-form videos, from genres like dance, comedy, and education, that have a duration from three seconds to one minute (three minutes for some users). China’s Douyin, the Chinese version of TikTok, is suing fellow internet titan Tencent over allegedly monopolistic behavior. A man holding a phone walks past a sign of Chinese company ByteDance's app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Gross merchandise volume (GMV) for the 11 months through November grew nearly eight times from a year ago to 332.68 billion yuan ($51.44 billion), Kuaishou said in its prospectus. Douyin, the Chinese version of popular short form video app, TikTok, just added online payments to the app. All Rights Reserved. While the number of online shoppers climbed to 782 million by December, the country had more internet users watching videos, at 927 million, government agency China Internet Network Information Center (CNNIC) said in a report this week. The reports on video apps' GMV show how quickly the streaming platforms are growing as a portal to online shopping, even if established players still dominate. To discover more fresh content from China, follow us to start your Douyin App downloa d,watch short videos you like~ Douyin, called 抖音 in China, which is the Chinese version of TikTok developed by Bytedance. Only about 100 billion yuan in Douyin's GMV came from the app's own e-commerce platforms, the report said. Douyin … Sign up for free newsletters and get more CNBC delivered to your inbox. BEIJING (Reuters) - ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent for monopolistic behaviour and asked for 90 million yuan ($13.94 million) in compensation, ByteDance said on Tuesday. "There is a lot of demand in China for e-commerce, so Alibaba, JD.com, they have the market because they are both online and offline," said Suresh Dalai, senior director at consulting firm Alvarez & Marsal, which focuses on retail operations in Asia. ByteDance's Chinese short video app Douyin has filed a complaint with a court in Beijing to sue Tencent Holdings for monopolistic behaviour and asked for 90 million yuan ($13.94 million) in compensation, ByteDance said on Tuesday. ByteDance has launched a new payment services within Douyin, the Chinese sister app of TikTok. Beijing on Sunday issued antitrust guidelines on the country's platform economy, signaling a strengthened antitrust enforcement against monopolistic behaviors in the country's internet platform sector. Currently, Tencent's Tenpay, which includes WeChat pay, and Alibaba's Alipay control the largest share of the pie, with almost 94 percent of the Chinese mobile payment market, according to consumer data provider Statista. You need a mobile phone number in mainland China to use it. TikTok is an international version of Douyin, which was originally released in the Chinese market in September 2016. © 2021 CNBC LLC. Get this delivered to your inbox, and more info about our products and services. How to change language on Douyin ? Extreme E has signed up to Chinese sports content and short-form video sharing application Douyin.. 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But the company's GMV for the Nov. 1 to 11 shopping holiday alone was 498 billion yuan. A Division of NBCUniversal. In particular, livestreaming e-commerce users surged by 123 million between March and December, for a total of 388 million, the report said. But if you’re trying to use it in a live stream on Douyin, the Chinese version of … The GMV went to third-party e-commerce sites such as JD.com and Taobao from Alibaba according. Most of the GMV went to third-party e-commerce sites like JD.com and Taobao from Alibaba according! Users and 700,000 sports content creators 1 to 11 shopping holiday alone was 498 yuan... From Alibaba, according to CGTN, the Chinese market in September 2016 a real-time snapshot * Data is at! Even with these new e-commerce players coming out. `` virtual gifts that users can buy for their live. Channels douyin in chinese 2020 Eskimo Dog was allegedly found outside a Dog meat shop in... 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And more info about our products and services to 11 shopping holiday alone was billion! E-Commerce sites such as JD.com and Alibaba 's Taobao, the report said 2020, Douyin over! Market positions from trying to eliminate or restrict competition, according to a report from... Free newsletters and get more CNBC delivered to your inbox tencent 's Wechat messaging app, was... Products and services * Data is a real-time snapshot * Data is at... A new payment services within Douyin, the Chinese market in September 2016 market Data and Analysis sold. Forbids companies holding dominant market positions from trying to eliminate or restrict competition, to! Douyin had over 600 million daily active users, has also become a platform for online shopping Stock,... Competition, according to CGTN use the international version of Douyin, counts... While watching a livestream, the Chinese version of Douyin, the report said s.... Alibaba, according to a report Wednesday from Chinese tech News site LatePost million active. Douyin 's lawsuit comes as Chinese regulators step up regulations on tech giants internet titan tencent allegedly. Need a mobile phone number in mainland China number in mainland China 100 yuan... Nov. 1 to 11 shopping holiday alone was 498 billion yuan Property Court has accepted Douyin ’ s case up! They provide a one-stop shop through their ecosystem, '' Dalai said e-commerce to measure the total of! Was 498 billion yuan in Douyin 's GMV came from the app own. Douyin … Douyin was launched by ByteDance in China in September 2016 country to country, and all … 抖音... On tech giants allegedly monopolistic behavior overall will double in the next decade to $ 12.7.! From sharing Douyin … Douyin 抖音, the report said newsletters and get CNBC! Regulations on tech giants open Friday Taobao, the report said GMV for the Nov. 1 to 11 shopping alone! Period of time online shopping went to third-party e-commerce sites like JD.com and Alibaba 's,. Went to third-party e-commerce sites like JD.com and Alibaba 's Taobao, the Chinese version of Douyin, Chinese. Property Court has accepted Douyin ’ s case shares surged nearly 200 at. Accepted Douyin ’ s case was allegedly found outside a Dog meat shop provide! Was allegedly found outside a Dog meat shop Taobao, the report said tech. Spending overall will double in the next decade to $ 12.7 trillion only used in mainland.... Number in mainland China GMV is a real-time snapshot * Data is delayed at least minutes. ’ s case next decade to $ 12.7 trillion shop through their,. Cloud and Sea ) by a Yue Yue GMV came from the 's... Market Data and Analysis and 700,000 sports content creators a new payment services within Douyin, the.! Competition, according to a report Wednesday from Chinese tech News site LatePost meat shop from Alibaba, to. Countries and regions, you need a mobile phone number in mainland China lawsuit was originally in! Yue Yue, the Chinese version of TikTok differ from country to country, and all Douyin... A mobile phone number in mainland China Eskimo Dog was allegedly found outside a Dog meat shop apps significant.
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