U.S. Threat Against TikTok Is Credible, Says Ives

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  • Bloomberg Markets and Finance published this video item, entitled “U.S. Threat Against TikTok Is Credible, Says Ives” – below is their description.

    Sep.18 — The U.S. moved to expel the Chinese-owned WeChat and TikTok apps from U.S. app stores as of Sunday, and it will ban cash transfers within the U.S. related to WeChat. Dan Ives of Wedbush Securities calls this a credible threat. He appears on “Bloomberg The Open.”

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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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