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China’s Toutiao buys teens social video app Musical.ly in latest expansion

S.China Morning Post Friday, 10 November 2017 ()
Beijing ByteDance Technology, the operator of China’s dominant news aggregator Toutiao, has bought social video app Musical.ly, its second acquisition in a week as it aggressively seeks new users by widening its range of content offerings. ByteDance did not give financial details of the deal in a statement on Friday, but Chinese media reports said the acquisition of Musical.ly, an app especially popular with teenagers that allows users to post videos of themselves accompanying their...
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