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DOUYIN CHINESE DOUYIN CHINA WECHAT PAY LICENSE
DOUYIN CHINESE DOUYIN CHINA WECHAT PAY FREE

DOUYIN CHINESE DOUYIN CHINA WECHAT PAY FREE

If you are teaching more relaxed conversation-based classes, you could even use WeChat’s free video call feature (note that it does not allow screensharing though).Īdditionally, WeChat also has many useful features for marketing your ESL business too.

For example, you can message them on WeChat to arrange class times, send them the online meeting link, share homework documents, send feedback after class, etc. WeChat is therefore incredibly useful for your day-to-day communications with students and parents. Most international social media or messaging apps (Facebook, Instagram, Messenger, WhatsApp, etc.) are blocked in China, and emails are not commonly used. If you are targeting the Chinese market, WeChat is an essential app for communications. Why is WeChat important for online ESL teachers? Note that features marked with an asterisk (*) are only available to mainland Chinese users (although some, like video channels and official accounts can still be followed by international users, but you are not able to post). *WeChat music: Listen to your favourite artists within WeChat.*WeChat official accounts: Blog-style updates from your favourite businesses.WeChat wallet): A convenient QR-code based mobile payment platform with extra services such as takeout ordering, public transport booking, charity donations, etc. WeChat video channels: A TikTok-style short video area.WeChat mini programs: Micro apps built into the WeChat platform.WeChat moments: A Facebook or Instagram style feed, consisting primarily of picture or video updates from your WeChat contacts.WeChat groups: Private group chats with up to 500 people.Some interesting WeChat extra features include: However, WeChat has also expanded to offer a huge range of additional features and services – including “mini apps” from third party organisations which can operate inside the WeChat platform. It is primarily a WhatsApp-style messaging app, with over 45 billion text messages and 205 million video messages sent on WeChat every day.

The vast majority of users are in mainland China. Fashion KOLs have a lower conversion to e-commerce, closer to 10 on average. With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry.WeChat is the most popular app in China, with over 1.24 billion active users per month. When considering conversion rates across all platforms (WeChat, Weibo, Red, Douyin, and Kuaishou), KOLs in the cosmetics have remarkably high conversion rates (around 15 on average, and as high as 21.6). Douyin had also recently launched Dou Fenqi (literally translated as Dou Installments), a feature that allows users to pay their bills in monthly installments, Chinese media reported.

The company in October 2019 launched a lending app, providing users with consumer credit, installment payments, and credit card services.

The business model, known as livestreaming e-commerce, has seen massive growth in China since 2019.

Bytedance is building an e-commerce platform on Douyin around its active livestreaming community.

Payments are processed by Ulpay, the Hubei-based firm it acquired in 2018.Ĭontext: An in-house payment tool is essential to many of Bytedance’s offerings, including e-commerce and lending services.

Douyin Pay allows users to link cards from 10 banks including Bank of China and China Merchants Bank.

The app previously supported WeChat Pay and Alipay.

Bytedance said in a statement to TechNode that Douyin Pay was rolled out by the company to “supplement the existing major payment options.” A Bytedance spokesperson said the feature had been available for a while and was previously in test mode.

The payment method allows users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform. Together they hold nearly 95% of China’s online payment market, according to iResearch (in Chinese), a market research firm.ĭetails: Douyin recently added Douyin Pay onto its checkout page, Chinese media reported Tuesday.

E-commerce behemoth Alibaba’s Alipay and internet firm Tencent’s WeChat Pay, a feature inside the instant messaging app WeChat, are the two dominant players in the market.

DOUYIN CHINESE DOUYIN CHINA WECHAT PAY LICENSE

The company in September inherited (in Chinese) a payment license from a small payment firm based in the central province of Hubei it acquired two years ago. Bytedance’s ambition to tap into the payment sector have long been hampered by China’s strict finance regulations.Why it matters: Douyin, the domestic version of TikTok, is one of China’s most used apps with 600 million monthly active users as of September. TikTok’s Chinese owner has rolled out an e-wallet feature on its Douyin video-sharing app, a move that could pose a significant threat to the Alipay and WeChat duopoly in China’s mobile payment sector.