Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

Long-form video platform Tencent Video and short video service Weishi will be combined into a new operation. The new online video operation will form part of Tencent’s platform and content group. — SCMP

Internet giant Tencent Holdings is merging its two video platforms in a major reorganisation to buttress its efforts against ByteDance-owned Douyin, the Chinese version of TikTok, according to sources familiar with the matter.

Tencent Video, the company’s long-form video platform, and short video service Weishi are being combined into a new online video operation under the Hong Kong-listed firm’s platform and content group (PCG), one of its six business units.