Source: South China Morning PostByteDance has punished thousands of accounts on Douyin, the Chinese version of TikTok, for flaunting wealth in short videos.The Beijing-based company said it had removed more than 2,800 such videos and punished nearly 4,000 accounts since the start of the year, according to a post on its news aggregator Jinri Toutiao on Friday.It listed several types of content that fall into the banned category, such as those deliberately displaying large amounts of cash and promoting “money worship”. Other…Read More