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Bytedance tiktok douyin pay wechat pay5/21/2023 Livestream shopping is a nearly $70 billion industry in China, attracting influencers who scour markets and malls for items to peddle to live audiences via social media. READ ALSO: Please Stay Together Forever DJ Cuppy Begs Temi Otedola And Mr Eaziĭouyin, which listed over 600 million daily active users of thenTik-Tok app last year, has quickly grown from its short video roots to include livestreaming and e-commerce. He said it would gradually roll out the function to users. Users of the app will be able to connect bank accounts to the service, which can then be used to pay for products promoted by video influencers as well as to tip content makers. The move sees the tech giant wade into China’s lucrative market for electronic payment services, which are used by hundreds of millions of consumers for everything from street food to fast fashion and online purchases. data through the application.Tik-Tokowner ByteDance has launched an e-payment service which functions similarly to reigning Chinese electronic wallets.īyteDance begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday.ĭouyin Pay, which functions similarly to reigning Chinese electronic wallets WeChat Pay and Alipay, aims to “supplement existing major payment options, and to ultimately enhance user experience.” ByteDance told AFP. Chew said that it’s possible some employees at ByteDance, headquartered in Bejing, could access some U.S. data could be collected by the Chinese government. Many lawmakers and security officials fear that U.S. Recently, TikTok CEO Shou Chew testified during a congressional hearing last Thursday to answer questions about the company’s practices. State offices have 30 days to be fully compliant and will have the chance to apply for exemptions if there’s sufficient justification. The app previously supported WeChat Pay and Alipay. after twin video platforms TikTok and Douyin drew eyeballs and. A Bytedance spokesperson said the feature had been available for a while and was previously in test mode. ByteDance Ltd.’s revenue surged more than 30 to surpass 80 billion in 2022, matching the tally at archrival Tencent Holdings Ltd. Pretty obvious paid promotional video from TikTok (do we really think thats. “This is a necessary step to ensure the protection of state data and reflects our commitment to keeping Arizonans safe,” she said. Bytedance said in a statement to TechNode that Douyin Pay was rolled out by the company to supplement the existing major payment options. Hobbs said that steps were already being taken to perform due diligence for cybersecurity. The attorney general said it was not worth risking data exposure to overseas entities and that a ban was necessary to protect everyone and their data. “Data security is paramount, especially for government agencies that handle sensitive information,” said Attorney General Kris Mayes. officials for its data collection practices and its potential to be used as a tool for espionage by the Chinese government. The mobile software has been criticized by U.S. The ban comes after years of scrutiny and speculation about the parent company ByteDance and its relation to the Chinese Communist Party. However, the ban will only include state-owned devices and networks. Katie Hobb announced an executive order Wednesday. PHOENIX (3TV/CBS 5) - Popular social media mobile software TikTok is now banned after Gov.
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