Tech giants Tencent and Douyin to help China’s exporters pivot to domestic market By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Source: Investing.com
Tencent and Douyin's Initiatives: Chinese tech giants Tencent and Douyin have launched programs to assist exporters in selling goods domestically, aiming to generate 100 billion yuan ($13.7 billion) in sales for struggling export-dependent firms.
Response to U.S.-China Trade War: These initiatives come as a response to the escalating U.S.-China trade war, which has led to high tariffs on Chinese imports, limiting access to the U.S. market for many exporters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
