Focus topics

Market launch for Douyin Pay

While the Chinese government has halted Ant Financial’s IPO, it allows a market newcomer. TikTok parent company Bytedance may launch a new mobile payment service. According to Bytedance, you can now pay on Douyin, the Chinese version of short-video app TikTok, using what it calls “Douyin Pay” in addition to major players Alipay and WeChat Pay.

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