Baidu's video platform signs content deal with China's TikTok
Douyin users will be able to use iQiyi content to make their own short videos
Under a new agreement, users of short video platform Douyin, as TikTok is known in China, will be able to create their own short videos using content from iQiyi, which includes original shows and movies. (Source photos by AP and Reuters)
HONG KONG -- Chinese video streaming service iQiyi has agreed to license some of its content to short video platform Douyin in a deal that ends a long-running dispute between the two companies over alleged copyright infringement.
The agreement with iQiyi, a subsidiary of technology company Baidu, will allow Douyin users to create their own short videos using iQiyi content, which includes original shows and movies. The two companies have not disclosed how much Douyin, the Chinese sister app of TikTok, will pay for the licensing deal.