As China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the fight to each other.
Douyin — the Chinese version of short-form video app TikTok -— sued Tencent (TCEHY) on Tuesday, claiming that the Shenzhen-based social media firm has abused its “market dominance” to edge out rivals.
Douyin, which like TikTok is owned by Beijing-based ByteDance, filed a lawsuit alleging that Tencent’s WeChat and QQ messaging apps ban their users from sharing content from Douyin for three years, the company said Tuesday in a statement it published on its official WeChat account.
-CNN BUSINESS
