Chinese online content juggernaut ByteDance is rumored to be considering an IPO in Hong Kong in the first quarter of 2020.
After being accused of mishandling American user data and censoring content shown on the video-sharing app, TikTok released a statement on October 25 refuting the claims.
ByteDance’s international short video application, TikTok, launched an education program in India, one of its largest markets.
Short video app TikTok has opened an office in close proximity to Facebook’s headquarters in Silicon Valley and has begun poaching Facebook employees
Due to the large number of mobile users and short video’s virus spread on social media, short video industry is seeing booming growth in China.
QuestMobile have recently released their semi-annual report on the short-video industry. 7.2 out of 10 mobile Internet users are using short-video products.
Chinese tech giant Tencent is planning to invest between $1 billion and $1.5 billion in short-video application Kuaishou, known outside of China as Kwai, which has a current valuation of around $25 billion.
TikTok users in India can breathe a sigh of relief as the temporary ban on the app downloads gets lifted, making the app available for download again.