<div class="at-above-post addthis tool" data-url="https://www.metro.us/tencent-bolsters-defenses-for/"></div>HONG KONG/SHANGHAI (Reuters) – Tencent Holdings Ltd may be the world’s largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it’s also spooked. Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear – including […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/tencent-bolste
Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software
Read more about Tencent bolsters defenses for core businesses as ByteDance enters its turf on Business Standard. To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games