An all-out war has broken out between China’s social-media titan Tencent and challenger ByteDance
Synopsis
In February, ByteDance sued Tencent alleging that Tencent had violated antitrust laws by blocking access to content from Douyin on WeChat and its QQ instant-messaging app. ByteDance sought 90 million yuan in compensation. Tencent said ByteDance’s accusation was “malicious framing” and pledged to countersue. The companies have sued each other hundreds of times over copyrights, infringement, and unfair competition.
By Han WeiChina’s internet giant Tencent Holdings and rising challenger ByteDance Ltd. are fighting an all-out war with escalating turf battles and legal tussles even as the country’s regulators toughen scrutiny of big tech’s market power.The pair are clashing across multiple business arenas as they fight for control of traffic, the backbone of internet companies’ growth. Tencent, the gaming and social media behemoth, has amassed more than 1
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