Its main app isnt musically, its Jinri Toutiao, a news app that has reputedly $2B revenue. TikTok, Musically is just its new acquisitions and ventures. It owns

Its main app isnt musically, its Jinri Toutiao, a news app that has reputedly $2B revenue. TikTok, Musically is just its new acquisitions and ventures. It owns a vast array of video content based sites and apps. http://bytedance.com/products/ http://bytedance.com/products/ From what it seems, its trying to dominate the new media space in China and Asia through consolidation and acquisitions.