Douyin Looking for Its Share of the Mobile Payments Pie

China Marketing Weekly

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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/
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