ByteDance-Owned Douyin Sues Tencent for Monopolistic Behaviour

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ByteDance’s Chinese language brief video app Douyin has filed a grievance with a court docket in Beijing to sue Tencent Holdings for monopolistic behaviour and requested for CNY 90 million (roughly Rs. 101 crores) in compensation, ByteDance mentioned on Tuesday.

Tencent restricts customers from sharing Douyin content material on its immediate messaging apps WeChat and QQ, which must be prohibited by anti-monopoly regulation, ByteDance mentioned, including that it has requested the court docket to order Tencent to cease such behaviour.

“We consider that competitors is healthier for shoppers and promote innovation,” Douyin mentioned in a press release. “We now have filed a lawsuit to guard our rights and people of our customers.”

Tencent didn’t instantly reply to a request for remark.

Douyin’s lawsuit comes as Chinese language regulators step up rules on tech giants. Beijing issued draft guidelines in November aimed toward stopping monopolistic behaviour by Web corporations, marking China’s first severe regulatory transfer towards the sector.

The State Administration of Market Regulation in December introduced the launch of an antitrust investigation into e-commerce big Alibaba.

ByteDance competes with Tencent in social media in China and has challenged Tencent beforehand. In 2018, it sued Tencent for anti-competitive behaviour, alleging Tencent’s social platform QQ zone and its Guanjia software program blocked ByteDance’s information aggregator Toutiao’s hyperlinks.

Tencent filed a lawsuit accusing ByteDance of defamation across the identical time.

© Thomson Reuters 2021


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