Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Pompeo Hints At ‘Broader’ Ban on Chinese Apps After Trump’s Executive Orders Targeting TikTok and WeChat
Trending in China: Merchants and Netizens Forced to Pick Sides in Fight Between Delivery Firms
Baidu-Backed Video Streamer iQiyi Probed by U.S. Regulator After Short Seller’s Report
AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO
Huawei Copies Korean Rivals by Manufacturing Own Display Driver Integrated Chips
JOYY’s Livestreaming Revenue Up 40% in Second Quarter of 2020
Trending in China: ‘Mukbangs’ Under Fire in China Amid High Level Food Waste Campaign
Trending in China: How Will the Chinese Diaspora Survive a WeChat Ban In U.S.?
Online Platform Buys into Bricks and Mortar Convenience Store Chain
China Unicom Profits Rise in First Half, Stock Soars
ByteDance in Talks with Indian Conglomerate Over TikTok Amid Layoff Fears
Alibaba’s Zhang Yong Tops 2020 Forbes China Best CEOs List
Trending: Family Feud Raises Big Questions Over Succession in China’s Multi-Million “Family” Businesses
Shanghai-Listed Foxconn Internet’s Cloud Service Sales Up 4% in First Half of 2020
U.S.-Listed Chinese Companies Nio and Huya Have Something to Cheer About
Apple Edges Huawei Out of No. 1 in Quarterly Tablet Shipments
Chinese Finance Platform Lufax Files for U.S. IPO of up to $3 Billion
China Mainland Leads U.S. in Fortune Global 500 Companies But Trails in Profitability
Trending in China: Tencent – Fighting Youth Unemployment or Enemy of Older Workers?
Tencent Pushes for Merger That Would Create $10 Billion Chinese Twitch
Netflix Names TikTok as a Major Competitor For First Time

By Ding Yi / Jul 22, 2020 05:22 PM / World

Hugely popular short video app TikTok has been publicly labeled by Netflix as a major competitor for the first time, as global pushbacks have left the Chinese app’s global expansion plans almost in tatters.

“TikTok’s growth is astounding, showing the fluidity of internet entertainment,” the U.S. video streaming giant said in a letter to shareholders tied to its second-quarter earnings report. The letter also listed WarnerMedia, Disney, and NBCUniversal as Netflix’s opponents.

Netflix has long included a competition section in its earnings reports to explain its ideas about its rivals ranging from traditional TV networks to online video services. Apart from YouTube and Facebook, Netflix has never before name-checked popular social media and video apps as a threat big enough to challenge it, according to a report by Quartz.

Netflix’s move comes as ByteDance-owned TikTok encounters setbacks in its global expansion push due to its handling of user data and alleged ties to the Chinese government.

TikTok has been banned in India, and is now facing tightened scrutiny in many of its overseas markets including the U.S., Australia and the European Union. In the U.S., where the government is also considering a ban, TikTok is expanding its lobbying team in an effort to ensure a more favorable operating environment in the country.

As one of the world’s most popular apps, TikTok has amassed more than 2 billion downloads on Apple’s App Store and Google Play Store and garnered over 800 million monthly active users globally.

Contact reporter Ding Yi (

Related: Cover Story: Will TikTok Be the Next Huawei?

Share this article
Open WeChat and scan the QR code