Douyin, ByteDance's Chinese version of TikTok, has launched e-wallet "Douyin Pay" to compete with China's dominant e-payment services WeChat Pay and Alipay (Rita Liao/TechCrunch)
Rita Liao / TechCrunch:
Douyin, ByteDance’s Chinese version of TikTok, has launched e-wallet “Douyin Pay” to compete with China’s dominant e-payment services WeChat Pay and Alipay — Tencent’s WeChat Pay and Alibaba’s affiliate Alipay have long dominated digital payments in China, but they have always faced new challengers.
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