China's internet giant Tencent Holdings and rising challenger ByteDance are fighting an all-out war with escalating turf battles and legal tussles even as the country's regulators toughen scrutiny of big tech's market power.
Caixin
The clash of China's social media titans
Tencent and Bytedance fight widely to control online traffic and ensure growth
At the end of 2020,Chinese internet users spent an average of 27.3% of their online time on short videos. © Reuters
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