TikTok and Chinese version Douyin recorded more than 738 million downloads in 2019 across Apple’s App Store and Google Play in 2019.
Editor’s note: A version of this post by Hans Tung and Zara Zhang first appeared on Han’s blog. Hans Tung is a managing partner at GGV Capital. Zara Zhang is an investment analyst at GGV Capital. ByteDance and Musical.ly are GGV portfolio companies. For more on ByteDance, listen to their interview with Liu Zhen, senior vice president of ByteDance (and […]
Blocks, viral videos, accusations, and lawsuits: controversies surrounding short video sites in China continue to mount. The protagonists? Toutiao’s Douyin and Tencent’s WeChat. A post dated May 22 on Douyin’s public WeChat account, “Sorry, Douyin fans”, accused Tencent of discrimination by taking down a lot of individual “healthy” video posts, while simultaneously accusing the company […]