ByteDance’s Douyin and Tencent reaches agreement over video cooperation pact
Douyin, the Chinese counterpart of TikTok, and internet giant Tencent have agreed to explore the joint promotion of short and long videos, in a thawing of frosty relations that has often been marked by lawsuits and public spats. Douyin, which like TikTok is owned by ByteDance, said in a statement it is now authorised to use Tencent Video content and rules about how secondary content can be generated have been clarified. Users of platforms in the Douyin Group including Douyin, Xigua Video and Toutiao will be able to create…