Caixin: Amid Platform Crackdown, TikTok-Owner ByteDance Looks to the Cloud

Fri December, 2021, Age: 1 year

Chinese short-video behemoth ByteDance is getting into the cloud business.

Volcano Engine, a brand launched by the TikTok operator in summer, has announced a series of enterprise cloud services in a major step into a market dominated by larger rivals Alibaba and Tencent.

It comes as the tech unicorn seeks to expand its revenue streams beyond mainstay consumer-facing apps amid Beijing’s tightening regulatory scrutiny of tech and internet giants.

 


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