How is tencent making it hard for bytedance?

Описание: Despite being the largest gaming entity, tencent holdings worth over us$900 billion, appear to be frightened with the rapid growth of bytedance, which owns tiktok and similar video platform douyin.
it is evident that bytedance has made sizeable space into business areas where tencent holds its significant interest, such as gaming, ads, social media, live streaming, and office software.
it is noteworthy that bytedance has established itself as a prolific ‘app factory’ and is now valued at nearly us$180 billion. it has now become china's second-largest digital ad player, and presently the biggest threat to the 22-year-old tencent.

#tencent #bytedance #appfactory #kalkinemedia

To get more updates about Australia,UK stock market news & insights subscribe our channel at https://bit.ly/3cHKioy
About us:
Kalkine Media’s You Tube Channel is a one stop shop for all related news, updates, expert views, business insights etc. Catch ASX Daily market commentary, trending news stories for the day, market movers, stock information, top research stories, expert insights and much more only on Kalkine Media’s You Tube Channel.
To get more updates about Australia, US,UK stock market news & insights subscribe our channel at https://bit.ly/3cHKioy
Check out our media Website 👉 https://kalkinemedia.com/au
Follow us and stay updated on the Go with the Stock Market 👇👇
Facebook -   / kalkineau  
Twitter -   / kalkineau  
LinkedIN -   / 4829818