Douyin

The relatively understated and press-shy ByteDance executive was responsible for creating short-video sensation Douyin.

The department was only created in June last year.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.

Kuaishou’s blockbuster Hong Kong debut showed the huge investor appetite in the short video market.

Several tech firms will have generous bonuses for its employees.

TME’s US-listed stock has more than doubled since its debut in 2018.

The world’s first short video stock reached a market cap of USD 179 billion.