Chinese short video giant ByteDance is setting up a “second headquarters” for its flagship Douyin business in Shenzhen, less than a year after its first regional headquarters in the city began operations. Once completed, the new base will support “research and development of core products such as Douyin and Jinri Toutiao, and new business areas such as digital payments”, as well as house “new AI research and SaaS [software-as-a-service] platform service centres to support the buildout of a...