How is tencent making it hard for bytedance?

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.

 


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