The headquarters of Beijing ByteDance. The company, best known for its news aggregator app Toutiao, has bought social video app Musical.ly in its latest expansion move. Photo: Bloomberg

China’s Toutiao buys teens social video app Musical.ly in latest expansion

Reports say the deal is worth up to US$1 billion. It is Toutiao’s second acquisition in a week

Topic |   Start-ups

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The headquarters of Beijing ByteDance. The company, best known for its news aggregator app Toutiao, has bought social video app Musical.ly in its latest expansion move. Photo: Bloomberg
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