A lot of commenters are arbitrarily commmenting without reading the article, Musically and Tiktok is really a new venture + acquisition for ByteDance, its not t

A lot of commenters are arbitrarily commmenting without reading the article, Musically and Tiktok is really a new venture + acquisition for ByteDance, its not their main business but something they're trying out and trying to grow for the future. They're more a corporate group or a consolidating conglomerate of new media startups. Their main business is Jinri Toutiao, a news aggregation + content site powered by ML recommendations that is very popular in China at ~120MM DAU and revenue targets of ~7.5B overall for the whole corporate group. Otherwise they have quite a bit of other popular video content and streaming sites based in China and Asia. Sources: http://bytedance.com/products http://bytedance.com/products https://www.scmp.com/tech/start-ups/article/2122432/chinas-bytedance-expects-earn-half-its-revenue-overseas-five-years https://www.scmp.com/tech/start-ups/article/2122432/chinas-b...