Tiktok’s owner invests in another sphere


December 2, Fineko/abc.az. ByteDance, which owns Tiktok, is preparing to launch the first independent e-commerce application in China.

ABC.AZ reports that thus, the company will compete with a range of large companies, including in the field of advertising.

The application called Douyin box is currently under testing. The new app will present fashion and lifestyle products for the young segment in the country.

ByteDance, the owner of Tiktok and the Toutiaon data platform, is one of the most valuable startups in the world.

By Elmir Murad