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Lip sync app sold to China's ByteDance for a reported $800 million

L.A. Times Friday, 10 November 2017 Inc., maker of the lip-syncing video app popular among teens, has reportedly been sold to China’s Beijing ByteDance Technology Co. for about $800 million., which launched in Shanghai in 2014 and opened U.S. offices in Santa Monica in 2016, was originally designed as a hub...
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News video: GGV's Tung Says ByteDance and Are Natural Fit

▶ GGV's Tung Says ByteDance and Are Natural Fit 03:10

Nov.10 -- Hans Tung, GGV Capital managing partner, and Bob O'Donnell, Technalysis Research president, discuss Beijing ByteDance Technology buying for about $800 million. They speak with Bloomberg's Emily Chang on "Bloomberg Technology."

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