BIG TECH NAMES TENCENT AND DOUYIN TAKE FIGHT INTO EACH OTHER’S CAMPS

• As China sharpens its claws on the country’s leading tech companies, two of the industry's biggest names in the business are indulging in a verbal backlash.
• Douyin — the Chinese version of short-content video app TikTok -— sued Tencent (TCEHY) on Tuesday. ...

DESPITE US TIKTOK BAN, BYTEDANCE’S REVENUE DOUBLED TO $35 BILLION IN 2020

Highlights

• ByteDance was successful in growing its operating profit to roughly $7 billion last year, which is $4 billion lesser than what was achieved in 2019

• The former US President Donald Trump had signed an executive order on August 6, 2020 and forced its sale...

TikTok ANNOUNCED AS NEW PARTNER OF BAYERN MUNICH

Highlights

• Bayern Munich is now partnered with TikTok's parent company Douyin

• According to the club’s official statement, this decision has been taken in order to improve Bayern’s brand in China ahead of Bundesliga restart

• Bayern ...