The first paragraph of the article confirms: > Edit Notes: Chinese app company Bytedance acquired Musical.ly for nearly $1 billion in November 2017. Last week,

The first paragraph of the article confirms: > Edit Notes: Chinese app company Bytedance acquired Musical.ly for nearly $1 billion in November 2017. Last week, it shut down Musical.ly and migrated all its users and content to Tik Tok, another short video app it owns. Musical.ly was incredibly popular in India with over 15 million users in the country. With the migration, Bytedance has created a large user base in the country.