Chinese-owned app essentially buying users away from rival via Facebook ads. FMTNews Tiktok
January 20, 2020 11:23 AM
Chinese giant ByteDance Inc has emerged as the world’s most valuable start-up on the explosive popularity of TikTok, known as Douyin locally, where users share short clips of lip-syncing and dance videos. “I love TikTok,” Spiegel said Sunday on the “Bavaria” stage at the annual Digital Life Design Conference in Munich.App intelligence company App Annie ranks TikTok just behind Instagram in terms of monthly active users in 2019.
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