ByteDance Ltd bought the Chinese earphone manufacturer Oladance, marking the company's most recent move towards creating wearable technology, which may eventually replace smartphones as the company's primary market. — ByteDance.com
ByteDance Ltd has acquired Chinese earphone maker Oladance for around US$50mil (RM234mil), its latest step toward developing wearable devices that could become the next home for its tech after smartphones.
TikTok’s Chinese owner has finalised the deal and dispatched staff to work with the Shenzhen-based startup founded five years ago, people familiar with the matter said, asking not to be identified. The acquisition brings on board a team of seasoned former Bose Corp engineers, which has been developing a series of earphones that wrap around the wearer’s ear.
