Douyin's company adds used car auction business.

CTOnews.com November 17 news, according to the national enterprise credit information publicity system, Chongqing Vientiane excellent car Technology Co., Ltd. has undergone industrial and commercial changes, the business scope of new auction business, used car auction.

CTOnews.com learned that the company was established in April 2021, with Li Fei as its legal representative, and its business scope includes sales of new and used cars, used car distribution, wholesale of auto parts, etc., and is indirectly wholly owned by Douyin Co., Ltd.

In May this year, Byte Jump (Hong Kong) Co., Ltd. changed its name to Douyin Group (Hong Kong) Co., Ltd., effective May 6, 2022. In addition, several other companies under byte jump have also been renamed "Douyin" one after another. According to the national enterprise credit information publicity system, byte beat Co., Ltd. changed its name to Douyin Co., Ltd.