Jinri Toutiao - or "Today's Headlines" - is one of the few Chinese Internet operations to have found success without the backing of one of the country's three biggest industry players: Tencent Holdings Ltd (騰訊), Baidu Inc (百度) and Alibaba Group Holding Ltd (阿里巴巴). Although financial details were not disclosed, multiple outlets are reporting that Bytedance is paying around $800 million for the buzzy video service. It said the transaction will give it an important United States presence, adding Musical.ly's 100 million lip-synching users to Toutiao's own 120 million readers and viewers, while potentially adding a social media component.
Since founded by Alex Zhu and Luyu Yang in 2014, Musical.ly has hit the top spot in the iOS and Android app stores and remains a top 10 video and social app, according to App Annie.
A karaoke-style smartphone app that lets you create your own short music videos, Musical.ly boasts an audience of 200 million users globally.
The app has grown to more than 100 million users - known as "musers" - and maintains partnerships with media giants Viacom Inc. and NBCUniversal for original content. The company was valued at $11 billion in June, according to CB Insights, and is now reportedly worth $20 billion.
Started by Zhang Yiming (張一鳴), it is on track to pull in about US$2.5 billion in revenue this year, largely from advertising. The Musical.ly founders and team will join Bytedance and continue to run the platform.
The Beijing-based firm, which recently bought video platform Flipagram and also owns English news app TopBuzz, declined to comment on its current valuation.
This is just the latest USA acquisition for Beijing-based Bytedance, which acquired Flipagram, which has its own audience of about 200 million.
Whole Foods announced the Amazon pop-ups would also be launching in stores in Illinois, Michigan, Florida and southern California. Just last week it was reported that AmazonFresh would be eliminated in certain ZIP codes around the country.
At the back, there is a horizontally placed dual-camera setup at the back, on the top left corner, with an LED flash next to it. Flipkart will offer "No Cost EMI", discounts on leading debit/credit cards for the sale of its Billion Capture + phone.
Disney's total revenue fell to $12.78 billion in the quarter ended September 30 from $13.14 billion a year earlier. Also reported by The Verge , Disney CEO Bob Iger announced a TV show about Star Wars is also in the works.
The film, which is based on the historical era of the 1300s, has grabbed the attention of many political parties for its content. The Rajasthan government plans to set up a committee to watch Sanjay Leela Bhansali's forthcoming controversial movie Padmavati .
Until now, the official readings of manufacturing have tended to show a weaker picture for the sector than the surveys over 2017. The Reuters poll consensus had pointed to only a small month-on-month drop.
We appreciate the Moreau Fund Band volunteers who sing in nursing homes and centers where veterans are recognized. A breakfast "open to all" will be available at 8 a.m.at American Legion Post 325 at 22 Sycamore St., he said.
Destiny 2 Is Receiving Updates for Xbox One X and PS4 Pro
Since most of us would be overprotective with our new console, we usually input the cord lightly without giving it a hard push. The Xbox One X launched a few days ago, so every developer is making patches that take advantage of Xbox One X's extra power.
Did John Lewis ruin their own Christmas ad surprise?
The pair then become friends, but the lack of sleep due to Moz's disturbance causes Joe to struggle to stay awake during the day. Well here's a fun fact for you, it's actually two boys - twin brothers playing Joe, the little lad afraid of the dark.