Tencent Holdings’ long-form video platform Tencent Video and short video service Weishi are being merged under a major reorganisation. Photo: Reuters
Internet giant Tencent Holdings is merging its two video platforms in a major reorganisation to buttress its efforts against ByteDance-owned Douyin, the Chinese version of TikTok, according to sources familiar with the matter.
Tencent Video, the company’s long-form video platform, and short video service Weishi are being combined into a new online video operation under the Hong Kong-listed firm’s platform and content group (PCG), one of its six business units.