Douyin Looking for Its Share of the Mobile Payments Pie
China Marketing Weekly
English - January 21, 2021 16:00 - 25 minutes - 17.3 MBMarketing Business china chinese marketing chinese business wechat Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This week, we see the changing of political guard in the US but renewed American concerns about who has access to your WeChat data. Baidu and Geely join powers to take on Tesla in the electric vehicle (EV) arena, and there's ANOTHER digital payment option to make our lives even easier...right?
Topics:
Douyin launches payment solution.
Source (Chinese): https://36kr.com/p/1062076780324231
Source (English): https://pandaily.com/tiktok-owner-bytedance-unveils-e-payment-service-douyin-pay-in-china/
Jack is back.
Source (English): https://www.theguardian.com/business/2021/jan/20/chinese-billionaire-jack-ma-makes-first-public-appearance-in-months
Video (Chinese): https://haokan.baidu.com/v?vid=9786974936985516036
Why is the renminbi strengthening?
Source (English): https://www.nytimes.com/2021/01/12/business/china-renminbi-yuan-strong.html
Source (English): https://technode.com/2021/01/19/chinese-investors-flocked-to-cryptocurrencies-amid-techwar/
Next Tesla competitor: Baidu & Geely.
Source (English): https://pandaily.com/could-baidu-and-geely-challenge-tesla-dominance-in-china/
New WeChat lawsuit in California.
Source (English): https://www.washingtonpost.com/technology/2021/01/20/wechat-class-action-lawsuit-us/
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