People are liking the Chinese Video App TikTok in India. The ban on this Chinese app has been removed, which has been a strong competitor for Facebook. According to data, in October 2018, TikTok was downloaded more than Facebook and Instagram. In such a situation, Facebook’s shares are also affecting.
TikTok app lets users create and share small videos with special effects. This is the most used app in the world. According to experts, Facebook’s share could fall due to the popularity of TikTok.
One of the world’s most precious startups is ByteDance
TikTok is a Chinese startup company of ByteDance. ByteDance is considered one of the world’s most precious and big startup. ByteDance is planning to invest $ 1 billion (Rs 7,000 crore) in the country in the next three years. There are two other applications of the company running in the country, which is being liked by users. Investors like Soft Bank, General Atlantic, KKR have invested in this. The name of this app was first kept musically but later this name was changed to TikTok.
ByteDance also introduces Helo and Vigo
In addition to TikTok, ByteDance also offers platforms like Helo and Vigo videos in India. ByteDance Director Helena Larsch said that the company has been strengthening its strategy of modernizing its content over the past several months.
Madras High Court stops the ban on TikTok
Recently, Madurai Bench of the Madras High Court had removed the ban taken after 21 days on the Chinese mobile app TikTok. The High Court had banned this app on April 3, after which the Telecommunications Ministry instructed Google and Apple to remove this app from their store.
The company had said that due to the banning, he is losing a daily loss of five million dollars. At the same time, the job of 250 people working in the company has also been threatened. This app was created by ByteDance Technology, which has its headquarters in Beijing.