Wuhan Hezhong Yibao Technology Co., Ltd. is owned by Douyin. In August 2020, ByteDance, the parent company of Douyin, completed the acquisition of Wuhan Hezhong Yibao Technology Co., Ltd., successfully obtained a payment license, and applied for and won the "doupay" and "Douyin Payment" trademarks, so Wuhan Hezhong Yibao Technology Co., Ltd. is a company acquired by ByteDance, the parent company of Douyin, and belongs to Douyin. Douyin is a short video sharing application where users can watch, share and create short videos. Douyin is loved by users for its simple and easy-to-use interface and rich video content. Users can follow their favorite creators , browse videos in various categories and interact with other users. At the same time, Douyin also provides various special effects, filters, music and other functions, allowing users to easily create wonderful short videos.