China Marketing Weekly

Douyin Looking for Its Share of the Mobile Payments Pie

January 21, 2021 Tait Lawton
China Marketing Weekly
Douyin Looking for Its Share of the Mobile Payments Pie
Chapters
China Marketing Weekly
Douyin Looking for Its Share of the Mobile Payments Pie
Jan 21, 2021
Tait Lawton

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/


More places to follow us:

Show Notes

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/


More places to follow us: