- Re/code, Sunday, November 12, 2017 9:20 AM
A Chinese media startup named Jinri Toutiao has reportedly agreed to buy Musical.ly for around $800 million. As
Recode explains, the app “lets teens make videos of themselves
lip-syncing.” Regarding the deal,
Recode writes:
“It’s indicative of the astonishing trajectory a hit app can enjoy, fueled by a worldwide population of mobile phone
owners.” Also of note, “It’s the first Chinese-bred social app to enjoy real success in the U.S.”Read the whole story at Re/code »
