CORPORATE FORTUNES

CORPORATE FORTUNES

ByteDance Steps Into Mobile Payments

ByteDance launched a mobile payment service under the Chinese version of its TikTok brand, South China Morning Post reported, placing the company head-to-head with dominant rivals Alipay and WeChat Pay. The newspaper reported comments from the company confirming the availability of Douyin Pay in China, with a representative adding it planned to supplement local payment options while enhancing the range of services it offers users of its core app. Douyin is the Chinese version of short-form video sharing app TikTok, the brand used across most of the rest of the...
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