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.
