Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?

The new mobile payments service launched by tech unicorn ByteDance on its video-sharing platform Douyin, the sister app of TikTok, brings a major challenger in a market long dominated by Ant Group’s Alipay and Tencent Holdings’ WeChat Pay, industry analysts said.Douyin, which had 600 million daily active users as of August 2020, is expected to promote its Douyin Pay service in this year’s Spring Festival Gala, according to people familiar with the matter, under an exclusive advertising…

This post was originally published on South China Morning Post.

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Tracy Qu,Che Pan | radiofree.asia (2024-05-19T02:26:01+00:00) » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?. Retrieved from https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/.

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" » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?." Tracy Qu,Che Pan | radiofree.asia - Thursday January 21, 2021, https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/

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Tracy Qu,Che Pan | radiofree.asia Thursday January 21, 2021 » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?., viewed 2024-05-19T02:26:01+00:00,<https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/>

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Tracy Qu,Che Pan | radiofree.asia - » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?. [Internet]. [Accessed 2024-05-19T02:26:01+00:00]. Available from: https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/

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" » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?." Tracy Qu,Che Pan | radiofree.asia - Accessed 2024-05-19T02:26:01+00:00. https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/

IEEE

" » Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay?." Tracy Qu,Che Pan | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/. [Accessed: 2024-05-19T02:26:01+00:00]

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» Can TikTok owner ByteDance break the mobile payments duopoly of Alipay, WeChat Pay? | Tracy Qu,Che Pan | radiofree.asia | https://radiofree.asia/2021/01/21/can-tiktok-owner-bytedance-break-the-mobile-payments-duopoly-of-alipay-wechat-pay/ | 2024-05-19T02:26:01+00:00

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