{"id":8947,"date":"2020-09-14T15:35:16","date_gmt":"2020-09-14T15:35:16","guid":{"rendered":"https:\/\/aviancetechnologies.com\/blog\/bytedances-need-for-a-tiktok-oracle-deal-china-is-slowing\/"},"modified":"2020-09-14T15:35:16","modified_gmt":"2020-09-14T15:35:16","slug":"bytedances-need-for-a-tiktok-oracle-deal-china-is-slowing","status":"publish","type":"post","link":"https:\/\/aviancetechnologies.com\/blog\/bytedances-need-for-a-tiktok-oracle-deal-china-is-slowing\/","title":{"rendered":"ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing"},"content":{"rendered":"<p>\u00a0\u00a0 <\/p>\n<p>[responsivevoice_button rate=&#8221;1\u2033 pitch=&#8221;1.2\u2033 volume=&#8221;0.8\u2033 voice=&#8221;US English Female&#8221; buttontext=&#8221;Story in Audio&#8221;]<\/p>\n<h2>ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing<\/h2>\n<p><\/p>\n<div>\n<p class=\"css-158dogj evys1bk0\">Besides Douyin, it runs two other video apps, Xigua and Huoshan. Its news aggregator, Jinri Toutiao, was its first blockbuster in China and remains a major platform. It is building up its video game and music divisions. It has an e-book app, shopping apps, online learning services, a car buying site, a cloud services platform and an office productivity suite.<\/p>\n<p class=\"css-158dogj evys1bk0\">\u201cByteDance has always been very, very enamored with Amazon,\u201d said Rui Ma, an investor and China tech analyst. It and other Chinese internet companies respect \u201cthe fact that Amazon can dominate in multiple things,\u201d she said. \u201cIt\u2019s also helped by the fact that Jeff Bezos is the richest man on earth.\u201d<\/p>\n<p class=\"css-158dogj evys1bk0\">In China, ByteDance could still try to use Douyin, which has an estimated 300 million daily users, to herd more people toward its other products \u2014 those education apps, for instance.<\/p>\n<p class=\"css-158dogj evys1bk0\">\u201cTheir core user demographic spends eight to 12 hours a day on education, and there are not many large competitors with internet-first business models,\u201d said Turner Novak, a general partner at Gelt Venture Capital who has studied ByteDance\u2019s rise.<\/p>\n<p class=\"css-158dogj evys1bk0\">Video game companies are big advertisers on Douyin and TikTok, Mr. Novak noted, which suggests that ByteDance could make lots of money by advertising its own games on those platforms as well.<\/p>\n<p class=\"css-158dogj evys1bk0\">Conquering online retail might be trickier. ByteDance is already trying to turn Douyin into a mobile-age Home Shopping Network, a place where kindly looking people entrance viewers into buying things. Not everyone is convinced.<\/p>\n<p class=\"css-158dogj evys1bk0\">\u201cE-commerce is not only about traffic,\u201d said Shawn Yang, an analyst in Shenzhen with the investment bank Blue Lotus Capital Advisors. \u201cE-commerce is also about service, about product quality, about logistics, payments. The whole process is very long, which means that it\u2019s not as easy as online gaming or advertising.\u201d<\/p>\n<\/div>\n<div class=\"post-item-metadata entry-meta\">\n<p class=\"has-background has-very-light-gray-background-color\">Disclaimer: Content may be edited for style and length.\u00a0<a class=\"newsium-categories category-color-1\" href=\"https:\/\/www.nytimes.com\/2020\/09\/14\/technology\/china-bytedance-tiktok-sale.html\" target=\"_blank\" rel=\"noopener noreferrer\">Story Source<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 [responsivevoice_button rate=&#8221;1\u2033 pitch=&#8221;1.2\u2033 volume=&#8221;0.8\u2033 voice=&#8221;US English Female&#8221; buttontext=&#8221;Story in Audio&#8221;] ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing Besides Douyin, it runs two other video apps, Xigua and Huoshan. Its news aggregator, Jinri Toutiao, was its first blockbuster in China and remains a major platform. It is building up its video game and &#8230; <a title=\"ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing\" class=\"read-more\" href=\"https:\/\/aviancetechnologies.com\/blog\/bytedances-need-for-a-tiktok-oracle-deal-china-is-slowing\/\" aria-label=\"Read more about ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,30],"tags":[],"class_list":["post-8947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ByteDance&#039;s Need for a TikTok-Oracle Deal: China is Slowing - Aviance Technologies<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ByteDance&#039;s Need for a TikTok-Oracle Deal: China is Slowing - Aviance Technologies\" \/>\n<meta property=\"og:description\" content=\"\u00a0\u00a0 [responsivevoice_button rate=&#8221;1\u2033 pitch=&#8221;1.2\u2033 volume=&#8221;0.8\u2033 voice=&#8221;US English Female&#8221; buttontext=&#8221;Story in Audio&#8221;] ByteDance&#8217;s Need for a TikTok-Oracle Deal: China is Slowing Besides Douyin, it runs two other video apps, Xigua and Huoshan. Its news aggregator, Jinri Toutiao, was its first blockbuster in China and remains a major platform. It is building up its video game and ... 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