The Beijing ByteDance Technology Co. headquarters stands in Beijing, China, on Thursday, Aug. 17, 2017. The company is best known for a mobile app called Jinri Toutiao, or Today's Headlines, which aggregates news and videos from hundreds of media outlets. Photo: Bloomberg
ByteDance plotting foray into fintech after Tik Tok owner files several new trademarks
- Speculation about a possible foray by ByteDance into financial services first emerged as early as 2017
- Company has already become a strong challenger to Tencent in China’s online media and entertainment arena
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China technology
The Beijing ByteDance Technology Co. headquarters stands in Beijing, China, on Thursday, Aug. 17, 2017. The company is best known for a mobile app called Jinri Toutiao, or Today's Headlines, which aggregates news and videos from hundreds of media outlets. Photo: Bloomberg