ByteDance's Douyin and Tencent Reach Video Cooperation Pact
According to news on Apr 7, Douyin, the Chinese counterpart of TikTok, and internet giant Tencent have reached video cooperation pact to explore the joint promotion of short and long videos. Douyin, which like TikTok is owned by ByteDance, said in a statement it is now authorised to use Tencent Video content and rules about how secondary content can be generated have been clarified. Users of platforms in the Douyin Group including Douyin, Xigua Video and Toutiao will be able to create short videos using the content in long videos on Tencent platforms, it said.
Source:China Intellectual Property