TikTok and Chinese version Douyin recorded more than 738 million downloads in 2019 across Apple’s App Store and Google Play in 2019.
The uproar over China’s largest e-book platform, owned by Tencent, is the latest dispute against Chinese tech giants accused of exploiting partners.
Bytedance is set to shove Baidu aside as the B in BATs, and is taking a bite out of Tencent’s ad revenue. Why? Its ads are just more effective.