ByteDance's Douyin mobile app, the Chinese version of its enormously popular TikTok, is challenging rivals Alibaba Group and Meituan for a slice of China's e-commerce and local services business.
Douyin mobile app has over 700 million daily active users
Actors stand near a board with Maoyan Entertainment and Douyin logos at the Beijing International Film Festival: Douyin is giving hotel and other business operators an alternative to China's dominant e-commerce platforms.
ByteDance's Douyin mobile app, the Chinese version of its enormously popular TikTok, is challenging rivals Alibaba Group and Meituan for a slice of China's e-commerce and local services business.