[ad_1]
Two of China’s most visible tech companies are suing. TikTok owner ByteDance sued Tencent on Tuesday, according to Bloomberg. ByteDance claims that Tencent violated the country’s antitrust laws by preventing people from accessing Douyin’s content on WeChat and QQ. Tencent’s messaging apps don’t need to be introduced. Between them, they have nearly 2 billion monthly active users. Douyin, meanwhile, is a more extensive version of TikTok that is only available in China.
ByteDance is asking the court for about $ 14 million in compensation from Tencent and to stop the company’s actions. “We believe that competition is better for consumers and promotes innovation,” said a spokesperson for ByteDance. Bloomberg. “We have taken this legal action to protect our rights and those of our users.”
[ad_2]
