Douyin's Li Liang: Tencent's short drama and short video growth far outpaces Douyin and Hongguo

October 27: Douyin Group Vice President Li Liang said in a post that among internet products, only instant messaging has a relatively stable market landscape because relationship chains serve as its moat. Short dramas and short videos are fully competitive industries with intense competition and fast-changing market landscapes, and no company can hold the top spot permanently. The reality is that Tencent's short drama and short video growth rates far exceed those of Douyin and Hongguo.