Short Video Giants Douyin and Kuaishou Compete for Social Metaverse

Several virtual avatars in “Douyin Xiaowo” (Source: Douyin)

Following the launch of virtual avatar “Douyin Zaizai,” ByteDance’s Douyin platform recently unveiled a new virtual space called “Douyin Xiaowo.” Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout. The moves indicate …