Oct 11, 2023 04:50 PM

Tencent Vs ByteDance: An All-Out War | Special Report Highlights
腾讯字节全面战争｜特稿精选

00:00

00:00/00:00

Listen to this article 1x

This article was translated from Chinese using AI. The translation may contain inaccuracies. Click the button on the right to hide or reveal the original version.

　　文｜财新周刊关聪钱童

Article | Caixin Weekly by Guan Cong and Qian Tong

　　春节历来是中国互联网公司的“必争之地”。牛年春节，中国互联网寡头腾讯和超级新贵字节跳动的诉讼战升级。

The Spring Festival has always been a battleground for Chinese internet companies. This Year of the Ox, the legal battle between Chinese internet titan Tencent and rising star ByteDance is escalating.

　　春节前，字节跳动宣布两大重磅消息：1月26日，抖音拿下央视春晚赞助，要发12亿元的红包；2月2日，起诉腾讯，索赔9000万元，诉由是腾讯旗下的QQ空间和微信屏蔽抖音分享链接，依据是腾讯滥用市场支配地位，涉嫌垄断。

Before the Spring Festival, ByteDance announced two major news: On January 26, Douyin secured sponsorship for CCTV's Spring Festival Gala, planning to distribute 1.2 billion yuan in red envelopes; On February 2, it sued Tencent, claiming 90 million yuan in damages. The lawsuit alleges that Tencent's QQ Space and WeChat blocked Douyin shared links, accusing Tencent of abusing its dominant market position and suspected of monopolistic practices.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Disclaimer

Caixin is acclaimed for its high-quality, investigative journalism. This section offers you a glimpse into Caixin’s flagship Chinese-language magazine, Caixin Weekly, via AI translation. The English translation may contain inaccuracies.

Share this article

Open WeChat and scan the QR code

Tencent Vs ByteDance: An All-Out War | Special Report Highlights腾讯字节全面战争｜特稿精选

Tencent Vs ByteDance: An All-Out War | Special Report Highlights
腾讯字节全面战争｜特稿精选