Archive | Toutiao

Teen App Musical.ly May Try to Dethrone HQ Trivia

Musical.ly, the video app popular with teenagers, was acquired in November by Chinese news aggregation giant TouTiao for a whopping sum in the ballpark of $800 million. What does TouTiao plan to do with its expensive purchase? According to a planning document provided to Gizmodo, one of Musical.ly’s initiatives under…Read more… Continue Reading at http://kotaku.com

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Major Chinese media startup acquires Musical.ly for $800-million

An $800-million-dollar acquisition has allowed Chinese media giant Beijing ByteDance Technology Co. to obtain Musical.ly. A popular Chinese social networking app designed for video creation, Musical.ly represented an attractive opportunity for companies beyond Beijing ByteDance Technology Co., with the Chinese viral video streaming service, Kuaishou, also bidding on the app.Musical.ly boasts a robust network of […]

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