The TikTok app allows users to share interesting videos. ByteDance owns the rights to this program, which announced this week that it intends to develop its own smartphones. News of this appeared in the Financial Times. It says that in order to expand its product line, the company has already acquired the rights to the Feiliao application and has bought a number of patents from the Smartisan smartphone developer.
ByteDance plans to install its own games and video services on its devices. Thus, the company hopes to gain many new opportunities to attract users. Now the value of ByteDance is $ 75 billion, so the announced startup is one of the largest in the world, and the TikTok service has already given the company a lot of users from abroad. Their audience is now superior to the Chinese. But analysts are skeptical of a startup. Previously, Facebook and Amazon have already tried to develop their own smartphones. Their projects have completely failed.
