China's TikTok (Douyin) is suing WeChat's parent company Tencent for 'monopolistic behaviour'

TikTok is also seeking $13.95 million in compensation from Tencent


Alfred Lee

3 Feb, 2021

China's TikTok (Douyin) is suing WeChat's parent company Tencent for 'monopolistic behaviour' | BEAMSTART News

- From our Sponsors -

ByteDance, the company behind TikTok (Douyin in China), is suing WeChat's parent company, Tencent.

Tencent is being sued for alleged "monopolistic behaviour" for preventing WeChat and QQ users from using Douyin in China.

According to ByteDance, this move should be "prohibited by anti-monopoly law", and requested the court to desist Tencent's platform restrictions.

The TikTok app.

In addition to reversing the outcome, ByteDance is also seeking compensation from Tencent of $13.95 million, adding that "competition is better for consumers and promotes innovation".

"We believe that competition is better for consumers and promotes innovation," Douyin said in a statement. It asked Tencent to pay it 90 million yuan ($13.95 million) in compensation in its complaint.
Tencent headquarters in Shenzhen, China.

Tencent on the other hand, states that Douyin's allegations are "false" and "malicious", and has even blocked links to Douyin and the app's ability to obtain user data after they log in using WeChat. 

"Many ByteDance-developed products, including Douyin, illegally obtain WeChat users' personal information. We'll continue to file lawsuits against ByteDance", mentioned a Tencent spokesperson.

To add salt to the wound, Tencent-backed Kuaishou, a direct competitor to Douyin, has just gone public, with shares publicly tradable starting from Friday this week.

- From our Sponsors -

Latest Jobs

Technical Recruiter

Mintlify

Full Time

USD 100000 — USD 130000 yearly

Sales Development Representative

Two Dots

Full Time

USD 70000 — USD 80000 yearly

Part-time Software Intern

Silimate

Internship

USD 30 — USD 45 yearly

Fullstack Software Engineer III, Map

Flock Safety

Full Time

USD 125000 — USD 170000 yearly

Senior Data Scientist

Coulomb AI

Full Time

USD 25000 — USD 40000 yearly

People & Recruiting Lead

Juniper

Full Time

USD 120000 — USD 145000 yearly

Technical Project Manager

BLISSWAY

Full Time

USD 110000 — USD 180000 yearly

Operations and Analytics Manager

Centaur Labs

Full Time

USD 90000 — USD 170000 yearly

Software Engineer (Full-stack)

kapa.ai

Full Time

USD 100000 — USD 120000 yearly

Founding AE

Persana AI

Full Time

USD 63600 — USD 110000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).