If you live outside of Asia, you're about to get more familiar with the five-year-old internet news and video aggregator.
Musical.ly, Chinese-founded but popular around the world with teens posting videos of themselves to their favourite tunes, would merge with Bytedance in a deal worth US$800 million to US$1 billion, according to a person familiar with the plans.
Now the Beijing-based company, with a valuation said to be in the neighborhood of $20 billion, is making bigger moves to crack into the world of mobile video, media and entertainment in the USA and beyond.
In 2016, Musical.ly rolled out a live-streaming app called Live.ly, and it has struck content deals with Viacom, NBCUniversal and Hearst, among others.
The Musical.ly app allows users to share 15 second videos of lip syncing popular songs and making amusing faces. Bytedance beat out rival bidders including Kuaishou, the viral video streaming service, the people said, asking not to be identified discussing a private matter. Founded three years ago, this social media app is popular with young people and generates over 60 million monthly active users, reaching to other countries such as the USA and Europe as well.
Bytedance operates a suite of products that provide creators and users with a content experience powered by machine and deep learning algorithms.
"By integrating Musical.ly's global reach with ByteDance's massive user base in China and key Asian markets, we are creating a significant global platform for our content creators and brands to engage with new markets", said Zhang Yiming, founder and chief executive of ByteDance, in the statement.
The Beijing-based firm, which recently bought video platform Flipagram and also owns English news app TopBuzz, declined to comment on its current valuation. It'll continue to run as a separate platform, Bytedance said.
The company behind China's hottest news app is buying one of the country's biggest social media platforms.
She said it occurred just before she presented the women's player of the year award at the Ballon D'or in Switzerland. I didn't get to tell him directly, 'Don't ever touch me!' That's the way I've always handled things.
The Karni Sena has allegedly threatened to burn the theatres if the film is played in cinema halls before it is shown to them. The bench was hearing a plea filed by Siddharajsinh Mahavirsinh Chudasama and 11 others against the film.
Real Business also reached out to all of the broadband providers which have signed up to the new voluntary policy. Ofcom said that, overall, they expect compensation levels to increase around nine fold.
His mother, Avanti Jadhav, had earlier sought a Pakistani visa to challenge the verdict that sent her son to the death row. Over the last one year, Pakistan has denied multiple requests from the Indian government to let officials meet him.
The Duma is obliged to give its laws two preliminary approvals before passing them, which Volodin said could happen next week. RT has been singled out as a propaganda outlet in the wake of alleged Russian meddling in the USA presidential vote.
The only indication that it's coming are the mention of the app in the email to press and a now blank page on Nintendo's website. We were curious to see if all the crisp, bloody picture remains with the Switch version, or whether it's a muddled mess.
US first lady Melania Trump , right, walks along the Mutianyu Great Wall section in Beijing, China, Friday, Nov. 10, 2017. She received a scroll as a gift before leaving China for Alaska, where she will greet troops.
Dan Clark, social studies chairman at the high school, encouraged the audience to gain a different perspective from Rep. Johnson's civilian background. "Of all the stories she told, the most powerful were about them", he said.
Same-store sales were up 1.7%, exceeding the company's previously announced guidance of 0.6% to 0.8% comparable store growth. The company reported the earnings of $-0.09/Share in the last quarter where the estimated EPS by analysts was $-0.05/share.
Cruz led the Mariners in games, runs, home runs, RBIs, walks, on-base percentage, slugging, OPS and extra-base hits. The award goes to one player per league, per position and is selected by a vote of MLB coaches and managers.
We need enforcement action against any who don't comply. "All employers need to take a long hard look at their workplace culture". Fawcett claims it uses the mean to take "into account the fact that more men than women are earning higher wages at the top".
Niantic Labs will once again work with a much-loved property, but this time, it's Harry Potter . The Harry Potter stories have captured imaginations around the globe for more than 20 years.
Inexperienced England side earn credible draw with Germany
Asked if he was satisfied that all players who had pulled out were genuinely injured, Southgate replied: "Yeah, absolutely". "... England will begin their preparations for the 2018 World Cup with a friendly against Germany at Wembley on Friday night.
Corruption at top: Do Supreme Court judges take bribes?
This led to the arrest of former Odisha High Court judge IM Quddusi and four others. "CBI has raided and the case is lodged". He also said that the allegations made by some lawyers against the Chief Justice should be treated as contempt of court.