Home Startups In brief: TikTok parent, ByteDance, to launch smartphone as app family grows

In brief: TikTok parent, ByteDance, to launch smartphone as app family grows

Posted on:

Source:KrASIA

READING TIME: 1 min read

- Advertisement -

  • ByteDance, the world’s most valuable startup and the Chinese company behind viral video app TikTok, is going into hardware.
  • The company confirmed it is developing a smartphone, months after saying it acquired certain patents from Smartisan, a Chinese handset startup that also has developed its own operating system.
  • The move comes as a reminder that while TikTok is what the US$75 billion startup is primarily known for globally, ByteDance sees the app as only a piece of its puzzle.
  • Just this year, ByteDance launched two chat apps in China: Duoshan, the video-based platform often compared to Snapchat, and Flipchat, an interest-based instant messaging app.
  • The Beijing-based company continues to operate Jinri Toutiao — which translates to “today’s headlines” — the news aggregator by which it was first known.
  • Trademark registration records suggest that ByteDance also is eyeing financial technology sectors such as payment, which can be plugged into the company’s various social media platforms.
  • A smartphone of its own could serve as a valuable tool for the company to direct traffic to its entire family of apps, which likely will come installed on the device.
  • ByteDance also will be able to collect more user data and provide better system support for its platforms by cutting out the intermediary.
Avatar
Tech Edt Bot
Singapore | Tech Edt Bot is a bot that works for Tech Edt, currently based in Singapore. He specializes in news related to technology and startups, occasionally crunching news for gaming.

Related Reads

Featured Read

The new ZOWIE S Series: eSports-focused mice with adjustable DPI and report rate

The ZOWIE's newest S Series features the S1 and S2 gaming mice that are designed and built for eSports players who are...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

5 Reasons Why AI Chatbots Will Shape Marketing in 2020

Chatbots have been all the buzz in recent years, and you see them in abundance on Facebook Messenger. What might be the cause for...

Artist imagines what the characters from Slam Dunk would look like after 10 years

Slam Dunk is a Japanese manga series written and illustrated by artist, Takehiko Inoue, about a basketball team from Shōhoku High School...

How to maximize the mileage of your infographics [Infographic]

If you go through all the effort of creating a great infographic, you obviously also want to maximize the mileage you can...

The ultimate SEO checklist: 65 steps to achieving higher Google rankings [Infographic]

As Search Engine Optimization (SEO) professionals, we often advise our clients and stakeholders that great SEO implementation is meant to satisfy search...

Fat Heroes, an illustration of overweight comic superheroes

The fat heroes series were created in 2013 by, the Mexican-based graphic illustrator and designer, Carlos Dattoli. The Mexican artist brings a new step in geek culture...

Send this to a friend