ByteDance Ltd.'s Douyin App As TikTok Owner Challenges Alibaba in E-Commerce Ahead of IPO

The download page for ByteDance Ltd.'s Douyin application on a smartphone arranged in Beijing, China, on Wednesday, May 5, 2021. A burgeoning e-commerce business could help ByteDance, already the world's most valuable startup at $250 billion, raise the several billions it's said to be targeting, even as Beijing's antitrust crackdown damps enthusiasm for the country's internet behemoths. Photographer: Yan Cong/Bloomberg via Getty Images

ByteDance Ltd.'s Douyin App As TikTok Owner Challenges Alibaba in E-Commerce Ahead of IPO
The download page for ByteDance Ltd.'s Douyin application on a smartphone arranged in Beijing, China, on Wednesday, May 5, 2021. A burgeoning e-commerce business could help ByteDance, already the world's most valuable startup at $250 billion, raise the several billions it's said to be targeting, even as Beijing's antitrust crackdown damps enthusiasm for the country's internet behemoths. Photographer: Yan Cong/Bloomberg via Getty Images
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1232774513
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Bloomberg
Date created:
May 05, 2021
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CHIN DOUYIN
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