TikTok joins Europe’s code on tackling hate speech
TikTok, the popular short video sharing app, has joined the European Union’s Code of Conduct on Countering Illegal Hate Speech. In a statement on joining the code, TikTok’s head of trust […]
Facebook tests TikTok-style video format on its main app in India
Facebook is going all-in on short-form videos. After flirting with the idea in Lasso, a TikTok-clone it tested in select markets, and adding a similar feature called Reels to Instagram recently, the […]
US investors seek to buy out TikTok
Bytedance’s TikTok finally has some good news as a group of investors based out of the US is planning to buy the entity from the Chinese owner as a whole. The short […]
Why Tech Investors In China Are Primed For Lower Returns
At some point within the next year or so, three Chinese consumer tech giants could go public. One is Ant Financial, the payments arm of Alibaba, which was last valued at about $150bn. Shares in ByteDance are trading in the grey market at a level that implies a valuation of about $100bn, $25bn higher than the last private fundraising for the owner of TikTok and other platforms. And then there is WeBank, a digital bank backed by Tencent, its own management, and a group of government-approved Shenzhen firms.
Facebook is building Lasso, a video music app to steal TikTok’s teens
Facebook is working on a new app that it hopes could win back the attention of teens while capitalizing on its recently-attained major label music licenses.
App Store generated 93% more revenue than Google Play in Q3
There’s always been a gap between how much money Apple’s App Store makes when compared with Google Play. But in the third quarter of 2018, that gap widened considerably – possibly to the widest point yet.