Archive | Toutiao

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 […]

Continue Reading