![]() ![]() It was launched in 2016 by Beijing-based tech company Bytedance. To use it, users need to authenticate their real names first, and then they can add their savings and credit cards.Īt present, Douyin Pay does not charge fees for recharge, transfer and withdrawal, but Douyin also said that it does not rule out the possibility of adjusting the service fee charges in the future.ĭouyin has more than 600 million daily active users in China, data released earlier this month showed. Douyin is a Chinese social media App allowing users to record and share short videos. Prior to that, in November, ByteDance applied for the trademark "Doupay" and the domain name .Īs for the launch of the payment service, 36kr quoted the company's sources as saying that Douyin Pay complements several major payment methods currently available to better serve Douyin users.ĭouyin Pay supports top-up, cash withdrawal, transfer and inquiry functions, and supports bank cards from ten banks. Tencent hopes it can turn Channels into the next WeChat Pay. Users of Douyin, which accumulated 600 million daily active users, previously could use Ant Group's Alipay and Tencent Holdings' WeChat Pay.ByteDance founder and CEO Zhang Yiming built up the. On December 24, 2020, Beijing-based ByteDance, the owner of TikTok, filed a trademark application for "Douyin Pay". of ByteDance, the owner of TikTok and Douyin, and Kuaishou in the short-video business. ByteDance Said to Consider IPO for Douyin in Hong Kong or New York, Increasing Its Valuation to Nearly 400 Billion. ByteDance’s Chinese short-video app Douyin has filed a complaint with a court in Beijing to sue Tencent for monopolistic behavior and asked for 90 million yuan (US13.94 million) in. The new rules for Bytedance’s Douyin come less than a month after China’s CAC published a set of proposals for AI technology that. Bytedance, which was founded in 2012, has. ![]() Douyin, the Chinese version of TikTok, today launched Douyin Pay, a payment service that gives users the option to pay with it in addition to Alipay and WeChat Pay within the short video app. Combined, WeChat Pay and Alipay handle roughly 90 of all mobile payments in China, a market that process roughly 70 trillion in mobile payments a year. ![]()
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