Lip-Syncing Video App Sells for $1 Billion
The Bytedance Company is not only the owner of one of the largest news apps in the world, called Today's Headlines which has 120 million active daily users, but also the owner of a very popular social video app, Musical.ly for $ 1 billion starting in Shanghai in 2014 which has 60 million active monthly users. This app is a favorite of young people there because of many advantages among another applications.
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