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Music video app Musical.ly sold for $800M

bizjournals Friday, 10 November 2017 ()
Musical.ly Inc., maker of a musical video social app popular with teens, has been bought by Chinese news and information site Beijing ByteDance Technology Co. for a reported $800 million. ByteDance is a $20 billion company behind the Chinese personalized news app Jinri Toutiao, which has 120 million daily users, according to Bloomberg. Musical.ly, which was founded in Shanghai by co-CEOs Alex Zhu and Luyu Yang in 2014 and opened its Santa Monica, California office in 2016. The app, which now…
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News video: Musical.ly Dynamic Twin Duo Headed To The United States?

Musical.ly Dynamic Twin Duo Headed To The United States? 01:43

If you haven’t heard about Musical.ly’s dynamic twin duo, then you need to pay attention! Add Lisa and Lena to your list of rising stars to look out for! Musical.ly fans listen up, your fave twins Lisa and Lena are making MAJOR headway in their careers!

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