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Academic Journal of Business & Management, 2021, 3(10); doi: 10.25236/AJBM.2021.031002.

A Study on the Trend of ByteDance's Strong Entry into Payment Industry


Chengwang Lin, Fei Su

Corresponding Author:
Chengwang Lin

School of Business, Chizhou University, Chizhou 247000, Anhui Province, China


With the continuous development of reform and opening up, China's mainstream payment methods are changing rapidly. From paper money transaction to bank card payments, to the emergence of third-party platforms and mobile payments. The advanced ideas have made many people see the business opportunities, and a large number of talents have poured into the third-party payment market. After the rapid development in the early stage, it has entered the stage of survival of the fittest. At present, China's payment market is reaching the ceiling. What kind of impact will ByteDance bring to the existing payment market? According to ByteDance's experience in using big-data in TikTok payment and video clips, we can put forward new trends in the future development of payment industry and promote the redevelopment of payment market.


ByteDance, third-party payment, big data, pay warrant, coordinated development

Cite This Paper

Chengwang Lin, Fei Su. A Study on the Trend of ByteDance's Strong Entry into Payment Industry. Academic Journal of Business & Management (2021) Vol. 3, Issue 10: 11-15. https://doi.org/10.25236/AJBM.2021.031002.


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