Assessing the Rivalry Between U.S., Chinese Tech Giants

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  • Aug.09 — Rebecca Fannin, founder of Silicon Dragon Ventures and author of “Tech Titans of China,” talks about the prospects for Beijing-based ByteDance Ltd.’s TikTok, the video-sharing app that the Trump administration has declared a national-security threat, and the rivalry between U.S. and Chinese technology companies. Twitter Inc. has held early talks about a potential combination with TikTok, Dow Jones reported, citing people familiar with the matter. Fannin speaks on “Bloomberg Markets: Asia.”

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  • In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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