US republican senator for Florida, Marco Rubio, announced on October 9 that he was preparing to request the Committee on Foreign Investment to investigate the 2017 acquisition of the video app Musical.ly by ByteDance.
On February 28, the video social networking app Musical.ly, now known as TikTok, was fined $5.7 million by the Federal Trade Commission (FTC) for illegally collecting personal information from children under the age of 13.
China’s Beijing Bytedance Technology Co. announced on August 1 that it is shutting down the popular musical.ly video app and merge this short video platform into its other platform, TikTok. The two will merge as one upgraded app under the name of TikTok.
As statistics show on May 7, Chinese applications are leading in the iPhone applications market. Recent data from an app intelligence firm Sensor Tower shows that in the first quarter of this year, the number of app downloads of Douyin or Tik Tok as it is in known overseas, has reached 45.8 million
At the Toutiao sixth annual meeting on March 9, its founder and CEO Yiming Zhang talked about corporate social responsibility for the first time, noting "integrity", "responsibility" and "win-win cooperation”. Zhang also announced that keyword for Toutiao in 2018 is globalization, looking to become a platform for global creation and exchange.
“I regret not having entered into China’s market earlier. Now, I can hear vibrating sounds everywhere making me uncomfortable,” said Louis Yang, founder of Musical.ly, a social network with short-form videos, on October 10 at the GGV Evolving Lifestyle Conference.
Chinese apps are popular overseas, especially in Russia, America and Japan last quarter. Tool, photography and video apps are the most popular ones. In Russia, the top 250 apps in the two largest stores—— App Store and Google Play enjoy over 222 million downloads, among which about 17.88 million comes from Chinese apps, with a…
In 2016, the most powerful social platform in China was undoubtedly the live broadcasting platform, but in 2017, it is short MV which has more trills and is thus more magical that plays the key role. In march of this year, Tik Tok, an UGC short video platform subordinated to Headline Today, suddenly became quite…