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

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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