ByteDance's Douyin and Tencent bury hatchet, reach video cooperation pact


FILE PHOTO: People walk past a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen

BEIJING: Douyin, the Chinese counterpart of TikTok, and internet giant Tencent have agreed to explore the joint promotion of short and long videos, in a thawing of frosty relations that has often been marked by lawsuits and public spats.

Douyin, which like TikTok is owned by ByteDance, said in a statement it is now authorised to use Tencent Video content and rules about how secondary content can be generated have been clarified.

Users of platforms in the Douyin Group including Douyin, Xigua Video and Toutiao will be able to create short videos using the content in long videos on Tencent platforms, it said.

Tencent, which backs rival short-video platform Kuaishou Technology, had long been upset over how some Douyin users would create short videos using copyrighted material in long videos without obtaining approval.

"The latest development not only helps to settle the ongoing IP disputes but also helps to lay a framework for future collaborations between the two video platforms," MorningStar analyst Ivan Su said.

Chinese regulators have in recent years reprimanded the country's tech giants for creating "walled gardens" that prevents rivals' links and services from being shared on their platforms. - Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

ByteDance , Douyin , TikTok , Tencent

   

Next In Business News

Bank of England cuts rates but sees higher inflation after Reeves' budget
Tengku Zafrul: Malaysia secures potential exports to China worth RM3.2bil
Malaysia ready for new investment era with clear economic vision - MoF
Microlink wins RM83.5mil project from Home Affairs Ministry
Ringgit marginally lower against US dollar at the close
TWL Holdings secures RM42.5mil banking facility from UOB Malaysia
Ekovest's Lim is said to consider sale of toll roads for RM5bil
Sunway Malls projects 5% growth for 2024
Pentamaster 3Q net profit halves to RM11.8mil
Metro Healthcare’s 156.63 mln IPO shares for public oversubscribed by 38.60 times

Others Also Read