CGTN published this video item, entitled “TikTok deal in flux while WeChat gets reprieve” – below is their description.
Who will control the future of TikTok in the U.S.? Conflicting reports are making a deal to acquire the Chinese-owned app seem precarious. The multi-billion dollar agreement was supposed to calm Washington’s security concerns. But TikTok’s owner ByteDance, its potential partner Oracle, and President Trump are disputing the details. Jim Spellman reports.
CGTN YouTube Channel
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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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