TikTok's sister app Douyin's CEO resigns, to take new role within ByteDance seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Douyin establishes entertainment-oriented unit aimed at diversifying revenue growth · TechNode technode.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from technode.com Daily Mail and Mail on Sunday newspapers.
Douyin, the Chinese sibling to TikTok, has appointed 32-year-old Han Shangyou as its business leader, with a mandate to chart the hit video app through its expansion into life services and live streaming markets.
Douyin, the Chinese version of TikTok, is doubling down on efforts to generate revenue through online sales and localised services such as food ordering, a move that will pit it against entrenched rivals such as Alibaba Group Holding and Meituan. The aggressive drive by Douyin into live-streaming e-commerce and other sectors, on top of its strong advertising revenue generation, offers.