- #Douyin bytedance chinese pay wechat pay generator#
- #Douyin bytedance chinese pay wechat pay license#
ByteDance acquires the rights to video soundtracks and offers the most popular music to users based on their region.
The most significant thing is background music. Ant Group’s Alipay and Tencent’s WeChat Pay, the country’s two ubiquitous third-party mobile payment platforms, were previously able to use Douyin users, who had accumulated 600 million regular active users, to purchase virtual gifts for live streamers or products from stores on the site. The app previously supported WeChat Pay and Alipay. A Bytedance spokesperson said the feature had been available for a while and was previously in test mode. The latter two are offered by, respectively, Ant Group, an affiliate of Alibaba Group Holding, and Tencent Holdings. Bytedance said in a statement to TechNode that Douyin Pay was rolled out by the company to supplement the existing major payment options. Toutiao) or the Weibo microblogging service. Users of Douyin, ByteDance’s Chinese version of TikTok, recently discovered that they have been offered an additional payment option for in-app purchases, called Douyin Pay, alongside the existing Alipay and WeChat Pay. There are also differences in account registration: in TikTok one can register via Facebook, and in Douyin – via ByteDance services (e.g. The exception is the “interests” section, where TikTok selects the relevant content based on the chosen topics, and Douyin – based on the location. In fact, it is a clone with identical basic functions like scrolling feed, publishing content, likes and reposts. The Douyin interface is no different from TikTok. Restricted nature of the Chinese Internet space necessitated ByteDance to subdivide the user audience: users in Western countries only have TikTok available and users in mainland China only have Douyin available for download. The main difference between TikTok and Douyin lies in geographical coverage. According to the information portal Baijiahao, the number of Chinese Douyin users exceeded 500 million in February 2019, of which 80% are under the age of 29. Other players include JD.com's JD Pay, Baidu Wallet and Meituan Pay.- is a short video sharing service owned by ByteDance, an originator of the acclaimed TikTok, so popular among the advanced Western youth. It provides a glimpse of what TikTok could eventually become, as Douyin started selling merchandise in 2017 and now operates a growing e-commerce operation where hundreds of millions of users shop on a daily basis.īyteDance's expansion comes as China's financial regulators are tightening oversight over financial technology firms, particularly companies such as Ant Group.Ĭhina's third-party payment sector is dominated by Alipay and WeChat Pay, with the former taking 55.39% of the total market in the second quarter of last year, according to market researcher Analysys.
Douyin users can choose Douyin Pay to make purchases within the short-video app.
#Douyin bytedance chinese pay wechat pay generator#
The company, which denies the allegation, has been in talks for months with Walmart Inc and Oracle Corp to shift such assets into a new entity.ĭouyin is the main revenue generator for ByteDance. ByteDance has launched a new payment services within Douyin, the Chinese sister app of TikTok.
#Douyin bytedance chinese pay wechat pay license#
Hezhong Yibao obtained a third-party payment license from the central bank in 2014.īyteDance has been ordered by the outgoing Trump administration to divest TikTok's U.S.
Local Chinese media reported on Tuesday that Douyin Pay had been launched.īyteDance founder and Chief Executive Zhang Yiming built up the company's payment capability in China by acquiring Wuhan Hezhong Yibao Technology Co last year.
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