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ByteDance Files $14 Million Suit Against Tencent for Monopolistic Behavior

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variety.com
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Rebecca Davis editorDouyin, the Chinese version of ByteDance’s TikTok short video app, has filed suit in Beijing against rival Tencent Holdings for alleged monopolistic behavior, seeking $13.9 million in compensation, ByteDance said Tuesday.Tencent prohibits the sharing of Douyin content on its extremely popular apps WeChat and QQ, a practice that ByteDance hopes the court will rule runs counter to China’s anti-monopoly law and must cease.“We believe that competition is better for consumers and promotes innovation,” a ByteDance spokesperson said. “We have filed this lawsuit to protect our rights and those of our users.”Tencent said early Tuesday that it has not yet received any materials related to the suit but called the allegations.

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