According to people familiar with the matter, the pre-IPO valuation of Kuaishou, one of China’s leading short-video start-ups, has reached $25 billion.
National Football League (NFL) and Chinese short video platform TikTok, announced today a new multi-year partnership to bring NFL’s exciting experience to TikTok’s global community.
With a seamless integration of e-commerce into social media, including video sharing and live-streaming, sellers on Kuaishou are able to bring down-to-earth content and goods to its users. That’s what the so-called “老铁经济,” or “homie economy,” is all about.
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 short-video app Kwai (Kuaishou) managed to make it to the second place of the ranking with earnings approaching $78 million, a 57 percent year-over-year increase.
On August 1, Bytedance posted a recruitment notice, announcing that their online search department is looking for new talent.
Several Chinese short video/live broadcast applications made it into the Top 20 of Apple’s App Store and Google Play in terms of downloads and revenue outside mainland China during the second quarter of 2019.
China’s ByteDance, owner of the popular TikTok streaming app, is confirmed on July 29 to be taking a step into hardware to develop its own smartphone.
TikTok’s parent company ByteDance might have acquired Jukedeck, an AI music startup behind a tool that can automatically generate tunes.
ByteDance announced it is setting up a data center in India, where its app TikTok has been under scrutiny for privacy violations and possibly facing a ban.
UK regulators are investigating ByteDance’s short video application TikTok on how they handle the personal data collected from younger users, and whether it prioritizes the safety of children on its social network.
Caijing’s Late Post reported that ByteDance, the world’s most valuable startup, is looking to begin developing mobile games.
Just over a month ago news surfaced that TikTok’s music licenses were expiring, which could put the company in a complicated situation.
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.