Chinese short-video market in brutal shakeout as Tencent, Bilibili close smaller apps amid tougher conditions

  • The decision came just a day after Bilibili, the gaming and video-streaming platform, decided to close its short video app Light Video
  • Vue Vlog, which was fully acquired by Tencent two years ago, said it will cease operations on September 30

China’s short video war: WeChat invests in Channels to take on Douyin and Kuaishou in battle for eyeballs and advertising spend credit: Henry Wong

Vue Vlog, a short video app owned by Tencent Holdings, said it will cease operations in September, bowing out of a competitive market in China dominated by bigger players such as Tencent’s in-house short video service, ByteDance’s Douyin and Kuaishou Technology.

The decision came just a day after Bilibili, the gaming and video-streaming platform, decided to close its short video app Light Video, citing the need for a business restructuring. The closures came at a time when China’s Big Tech firms are consolidating amid a slowing and competitive market.

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