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Hong Kong: ByteDance Inc is preparing a major push into the mobile arena’s most lucrative market, a realm Tencent Holdings Ltd has dominated for over a decade: games.
The Chinese billionaire behind teen phenomenon TikTok is a 36-year-old tech guru whose eye for youth trends and pioneering use of AI has blasted the app to global success – while working hand-in-glove with censors to control content within China.
ByteDance Ltd, owner of the popular video app TikTok, is developing a paid music service that will challenge industry leaders Spotify and Apple Music in emerging markets, according to people familiar with the matter.
The Chinese company is currently the world’s most valuable unicorn with a valuation of US$76bil.
An Indian court's call for a ban on the popular video app TikTok will hurt free speech rights, China's Bytedance Technology Co has said in a request for the Supreme Court to quash the directive.