Owner of Chinese video sharing application TikTok developing own smartphone 

# 14:49
27 May 2019

TikTok, a leading short video sharing platform in Asia, the United States, and other parts of the world, was launched in 2017 by ByteDance, for markets outside of China, ONA reports citing Sputnik International.

The owner of popular video sharing app TikTok, Chinese company ByteDance, intends to start developing its own smartphone, the Financial Times reports, citing sources.

It is explained that ByteDance plans to release a phone with its own pre-installed applications, including news feeds, video platforms and games, in order to further expand its reach. The move is being made as Chinese technology companies are concerned about the effects of US export bans on Huawei and are trying to support themselves with their own equipment.