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ByteDance-Owned Douyin Short Video App Sues Tencent for Monopolistic Behaviour

ByteDance said Tuesday that ByteDance’s Chinese short video app Dwayne has filed a lawsuit in a Beijing court against Tencent Holdings for monopoly behavior, and CNY 90 million (approximately 101,101 million). Rs) compensation has been requested.

Bytens said Tencent prevents users from sharing Dwayne content on its instant messaging apps VChat and QQ, which should be banned by anti-monopoly law, adding that it has asked the court to Order Tencent to stop such behavior.

“We believe competition is better for consumers and promotes innovation,” Dwayne said in a statement. “We have filed a lawsuit to protect our rights and the rights of our consumers.”

Douyin’s lawsuit comes as Chinese regulators step up regulations on tech giants. Beijing issued draft rules in November aimed at preventing monopolistic behaviour by Internet firms, marking China’s first serious regulatory move against the sector.

The State Administration of Market Regulation in December announced the launch of an antitrust investigation into e-commerce giant Alibaba.

Douyin’s lawsuit comes as Chinese regulators step up regulations on tech giants. Beijing issued draft rules in November aimed at preventing monopolistic behaviour by Internet firms, marking China’s first serious regulatory move against the sector.

The State Administration of Market Regulation in December announced the launch of an antitrust investigation into e-commerce giant Alibaba.

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Fahad

Fahad Khan is a 22-year-old former Tech Assistant who enjoys badminton, binge-watching boxed sets, and playing video games. He is energetic, gentle and He loves traveling.

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