Bytedance launches video chat app to take on Tencent’s WeChat

The logo for Beijing ByteDance Technology Co.'s Jinri Toutiao mobile app is displayed at the company's headquarters in Beijing, China, on Thursday, Aug. 17, 2017. Photographer: Giulia Marchi/Bloomberg

Bytedance Ltd., the world’s most valuable startup, unveiled a new video-based messaging service designed to take on Tencent Holdings Ltd.’s dominant WeChat.

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