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TikTok owner ByteDance rolls out Douyin Pay, a mobile payment service for China

News | Mobile Payments | 19 Jan 2021

Tik Tok owner ByteDance has launched a third-party payment service for the Chinese version of its short video app TikTok, called Douyin Pay.

ByteDance, product launch, third-party payment service, China, Douyin Pay, mobile payments, virtual gifts

ByteDance to enter the finance sector via SCF subsidiary

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

TikTok’s parent ByteDance has established a factoring service which will offer financing, collect accounts receivables, and provide guarantees.

ByteDance, TikTok, China, Zitiao, micro loans, online payments, factoring

TikTok to initiate legal action against Trump over ban

News | Payments General | 24 Aug 2020

TikTok, a Chinese video app, has announced its intention to launch legal action to challenge a ban imposed by US President Donald Trump.

TikTok, ByteDance, Donald Trump, data, China, US, trade war, TikTok ban

China-based Ant Group to launch consumer finance company

News | E-invoicing, SCF & E-procurement | 18 Aug 2020

Ant Group, Alibaba’s fintech arm and mobile payments company, has planned to set up a consumer finance firm in the southwestern city of Chongqing, according to Reuters.

China, Ant Group, consumer finance, fintech, mobile payments, tech, Tencent, ByteDance, financial services, ecommerce, Alibaba Group Holding, financial licenses, payments , online banking, insurance, micro lending, Nanyang Commercial Bank, China TransInfo Technology, Contemporary Amperex Technology

ByteDance to apply for Singapore banking licence

News | Online & Mobile Banking | 15 Jun 2020

China-based ByteDance, an internet technology company, has announced it is going to expand its services into banking by joining forces with Singapore’s Lee family.

ByteDance, partnership, Lee, Singapore, banking, banking licence, internet, technology, digital bank, OCBC Bank, Monetary Authority of Singapore, Alibaba, Ant Financial, Xiaomi, Hong Kong, China