Chinese companies battle for U.S. teenage mindshare
Even as U.S.-China tensions escalate to levels unprecedented in the last four decades, three hard-charging Chinese internet companies are confidently expanding in America.
Even as U.S.-China tensions escalate to levels unprecedented in the last four decades, three hard-charging Chinese internet companies are confidently expanding in America.
TikTok is a short-video app to which every quarantined American teenagerย appears to be addicted. The company is shifting โits center of power away from China,โ according to Reuters. TikTok is owned by ByteDance, which operates TikTokโs Chinese equivalent, Duoyin, and several other popular Chinese apps.
On May 19, TikTok announced that it had poached Kevin Mayerย from Disney, where he was widely credited with making the success of the companyโs video-streaming division. Reuters says the hire was โjust the most visible part of a broader strategyโ to pull TikTokโs management out of China. Other moves include hiring more than 150 engineers at the companyโs office in Mountain View, California.
Meanwhile, another Chinese company, Kuaishou, whose eponymous short-video app competes with Duoyin in China, has launched an international app called Zynn. The app is very, very similar to TikTok, but in the 20-odd days since its launch, it has already gone to number one on Appleโs App Store.
How did Zynn do it? By offering users cashย rewards and gift cards. These seem to be restricted to users in the U.S. and Canada only. To get the rewards, users must watch videos and invite friends to use the app. (See PingWestย and Abacusย for more.)
Meanwhile, News Break, an app from Chinese tech veteran Jeff Zhรจng Zhฤohuฤซ ้ๆๆ, โhas ranked No. 1 among all free iPhone news apps on the U.S. App Store several times since January 2019,โ reports TechCrunch.ย News Break is similar to ByteDanceโs news app Toutiao. In fact, Zheng previously launched Yidian Zixun, โthe Beijing-based startup seen early on as the main rival of Toutiao.โ News Break has staff in Beijing, Shanghai, Seattle, and Mountain View.