TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce

A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay to make purchases within the short-video app. Creators usually sell items or merchandise related to their content. “The set-up of Douyin Pay … is to supplement the existing major payment options, and to ultimately enhance…