Posted inHeavy Hitters

8 Lessons from the rise of Douyin (Tik Tok)

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 […]

Posted inHeavy Hitters

The siege of Douyin

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 […]

Posted inHeavy Hitters

Core technology and startups: What can we expect in the post-ZTE era?

In April, the US announced a 7-year ban on ZTE. This China’s leading communication player was found to have violated a ban on shipping US technology to Iran. The sanctions will bar ZTE from purchasing essential US components.  President Xi, summarizing lessons learned from the ZTE case, stressed the concept of “core technology” (in Chinese), referring to […]