Source:
https://www.scmp.com/tech/big-tech/article/3122407/inside-china-tech-bytedance-baidu-plot-next-moves-ehang-encounters
Tech
Big Tech
Inside China Tech: ByteDance, Baidu plot next moves as Ehang encounters turbulence
ByteDance plans New York listing of short video app Douyin, as Baidu doubles down on smart car initiative
Ehang denies fraud allegations levelled against it by activist short seller Wolfpack Research
Bien Perez
Published: 6:00pm, 20 Feb 2021
Updated: 6:00pm, 20 Feb 2021
Beijing-based tech unicorn ByteDance is in early discussions for the potential listing of Douyin, sister of app of short video-sharing platform TikTok, in New York. Photo: Reuters
ByteDance gets busy on IPO, search
For a long time, China’s internet sector has been dominated by
the triumvirate known as BAT
– referring to online search kingpin
Baidu
, e-commerce leader
Alibaba Group Holding
, and video games and social media giant
Tencent Holdings
.
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