ByteDance

The premiere indicates that Douyin, with 500 million monthly active users, wants to cut a piece from the lucrative gaming market.

As China’s most important social occasion, the Chinese Spring Festival, is around the corner, Chinese internet companies aiming to consolidate their stance or or challenge in social media sector have

On Saturday, Tencent’s WeChat said it “cleaned up” its social media platform, punishing a slew of apps that the company says failed to obey its code of conduct. Links to ByteDance

Huang Xu, an analyst, said that actually Tencent did not have the obligation to open to Douyin, given that the two were both competing for people’s online time.

Short-video app Douyin, which is known outside of China as Tik Tok, found that one gateway it relied on for onboarding new users – via WeChat – had been shut down on Tuesday. Douyin/Tik To

The move will bring two of WeChat’s challengers under one umbrella.

A slowing Chinese economy has dragged down the company’s earnings.

ByteDance enters China’s social messaging market.