3 days agoByteDance is driving social media crazy
Periskopi(8 years ago)
(8 years ago)Chinese social network applications have long tried to win as many users off the local market as possible. And TickTok is changing this situation. In just two years the app has fascinated approximately half a billion users and 40% of them are abroad who can distribute short videos singing, cooking [...]
And TickTok is changing this situation. In just two years the app has fascinated approximately half a billion users and 40% of them are abroad who can distribute short videos singing, cooking, or just enjoying themselves. Founded by a Beijing-based company, TikTok has won an international fame by leaving behind and Chinese social media platform giants such as Tencents (TCEHY) WeChat, Sina Weibo (WB) and Alibaba%s (BABA) Youk.
Applications that create short videos on social networks achieved great success this year. Three of which are most widely downloaded. And the ByteDance company owns two of them: TickTok and Vigo. The third is Instagram, owned by Facebook.
ByteDance's success is attracting a lot of investors. Currently, it is in talks with the main technology company SoftBank (SFTBY) about a financing amounting to about $75 billion.
A significant difference from last year's assessment, with about $20 billion worth of company.
This would lead ByteDance to the list of companies with the most important technological find, near Uber.
