Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse
Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse
Mobile payments

Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?

  • The stakes are high for Douyin Pay, as Alipay and WeChat Pay continue to dominate China’s mobile payments industry
  • Other Chinese hi-tech giants, including Meituan and Pinduoduo, are also expected to compete in mobile payments

Topic |   Mobile payments
Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse
Pedestrians walk past an advertisement for ByteDance-owned short video-sharing platform Douyin, the sister app of TikTok, in the southern Chinese city of Guangzhou. Photo: Imaginechina via Agence France-Presse
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