About This Source - Bloomberg Technology
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Technology published this video item, entitled “Biden Revokes TikTok, WeChat Bans and Orders Security Review” – below is their description.
Jun.09 — President Joe Biden is revoking Trump-era bans on the Chinese-owned apps TikTok and WeChat. Senior administration officials said the U.S. government will instead review software applications from foreign adversaries that could pose a risk to Americans’ sensitive data. Naomi Nix reports on “Bloomberg Daybreak: Australia.”Bloomberg Technology 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.