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Global in-app spending hits record $67.5 bn, India largest market for Google Play The global mobile market hit a record $67.5 billion regarding in-app consumer spend and registered 76.8 billion app downloads across iOS and Google Play in the first six months of this year, a report showed on Thursday. Positive growth in mobile consumer spend returned at a healthy 5.3 per cent year-over-year in H1 2023 after a decline in 2022. App downloads were also up by 3.2 per cent, according to data.ai, the leading mobile data and analytics provider. India, Brazil and Indones...
Global in-app spending hits record $67.5 bn, India largest market for Google Play
Global in-app spending hits record $67.5 bn, India largest market for Google Play
Source: IANS
13/07/2023 11:04:41 AM
Short-video leader TikTok now plans own music streaming service  After dominating the short-video format market andAgiving jitters to Meta (formerly Facebook), TikTok parent company ByteDance is now eyeing the music streaming market with launching 'TikTok Music' and threatening the global players like Spotify, Apple Must and the rest. The company has filed a trademark application with the US Patent and Trademark Office for "TikTok Music". The application has been filed for "providing online non downloadable videos, non-do...
Short-video leader TikTok now plans own music streaming service
Short-video leader TikTok now plans own music streaming service
Source: IANS
30/07/2022 12:44:19 PM
TikTok's parent company plans to enter VR space Short-video-making app TikTok's parent company ByteDance is most likely preparing to join the virtual reality (VR) space, media reports say. According to a source close to the issue, ByteDance aims to invest "tons of money" in VR-related content, citing a report from Protocol, The Verge reported on Saturday. Over 40 job listings have popped up for Pico, the Chinese VR headset maker ByteDance acquired last year, the report said. Most openings are for Pico Studios' we...
TikTok's parent company plans to enter VR space
TikTok's parent company plans to enter VR space
Source: IANS
12/06/2022 3:50:59 PM
TikTok surpasses 1 billion monthly active users Short video-making platform TikTok has crossed one billion monthly active users around the world. The video-sharing platform, owned by ByteDance, said it had about 55 million global users by January 2018. That number grew to more than 271 million by December 2018 and 507 million by December 2019. "On behalf of the TikTok team, I want to say thank you," TikTok COO Vanessa Pappas said. "Wherever you are in the world, we definitely couldn't do this without you." ...
TikTok surpasses 1 billion monthly active users
TikTok surpasses 1 billion monthly active users
Source: IANS
28/09/2021 11:24:27 AM
ByteDance says it will downsize fintech business, plans to sell stock broker ops BEIJING - Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the financial technology (fintech) sector. ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China. China recently has been tightening scrutiny towards the fintech sector, requi...
ByteDance says it will downsize fintech business, plans to sell stock broker ops
ByteDance says it will downsize fintech business, plans to sell stock broker ops
Source: Reuters
2/09/2021 11:27:56 AM
TikTok owner ByteDance launches share buyback after shelving IPO plans - Sources BEIJING - ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday. The buyback comes after ByteDance announced in April that it did not have imminent plans for a public listing. The company had planned to list some of its Chinese businesses including TikTok's Chinese version Douyin in Hong Kong, sources previously told Reuters. Last we...
TikTok owner ByteDance launches share buyback after shelving IPO plans - Sources
TikTok owner ByteDance launches share buyback after shelving IPO plans - Sources
Source: Reuters
27/05/2021 9:29:25 AM
ByteDance founder Zhang Yiming to step down as CEO Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed on Thursday. The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance since its launch in 2012. The company grew to become a dominant social media force in China and turned TikTok, a short-video app popular with teenagers, into a global...
ByteDance founder Zhang Yiming to step down as CEO
ByteDance founder Zhang Yiming to step down as CEO
Source: Reuters
20/05/2021 10:39:50 AM