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ByteDance Chasing WeChat in the Super-App Race With Douyin

June 14, 2023
ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent.  With most of its $80 billion annual revenue coming from social media ad revenue, ByteDance has been testing its Douyin app, which features streaming videos and messaging. The company is also […]