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Short video sector ready for next breakout By HE WEI in Shanghai | China Daily | Updated: 2021-01-29 07:56 Share CLOSE Attendees pass signage at Tencent s WeChat Open Class Pro conference in Guangzhou, Guangdong province, on Jan 15,2018. BLOOMBERG
Tencent eyes bigger domestic market share with its all-in-one killer app
China s white-hot short video market is poised to kick things up a notch, with WeChat－the ubiquitous messaging app of Tencent Holdings Ltd－making some substantial strides in the sector.
Allen Zhang, Tencent s senior executive vice-president who is credited with inventing the signature app, hinted the next big thing for the app would be short video functionality, through which Tencent is seeking to catch up with its peer Bytedance s Douyin.
From:ChinaDaily | 2021-01-21 09:17
Popular short video app Douyin has entered China s massive digital payment market with its mobile payment services, looking to tap into the sector which has among others Alibaba Group Holding Ltd s Alipay and Tencent Holdings Ltd s WeChat Pay.
While making a purchase via Douyin, customers can choose to pay via Douyin Pay , in addition to Alipay and WeChat Pay, the more conventional online payment options offered by third-party payment firms.
The setup of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin , said ByteDance, the company behind Douyin, told China Daily on Wednesday. It said the new function was launched only recently but had gone through several batches of test runs.
Short video app Douyin eyes growth via mobile payments By HE WEI in Shanghai | China Daily | Updated: 2021-01-21 09:17 Share CLOSE A logo of Douyin is seen on an advertisement at a bus stop in Beijing, Aug 24, 2020. [Photo/Agencies]
Popular short video app Douyin has entered China s massive digital payment market with its mobile payment services, looking to tap into the sector which has among others Alibaba Group Holding Ltd s Alipay and Tencent Holdings Ltd s WeChat Pay.
While making a purchase via Douyin, customers can choose to pay via Douyin Pay , in addition to Alipay and WeChat Pay, the more conventional online payment options offered by third-party payment firms.
WeChat now an integral part of daily life in China, says survey By HE WEI in Shanghai | China Daily | Updated: 2021-01-20 09:09 Share CLOSE A motorist scans the QR code of a mini program in WeChat before entering a community in Chongqing in February. [Photo/Xinhua]
WeChat, the instant messaging application from Tencent, is increasingly becoming an indispensable part of the daily life in China, said the firm during an event on Tuesday.
There has been a steady growth in the number of users and the penetration rates across all the key WeChat tools that support transactions and enhance communication, WeChat officials said during the 2021 WeChat Open Class PRO conference in Guangzhou, Guangdong province.