Two companies will assignment calm to extend Musical.ly’s ability in China and about Asia, unlocking new bazaar opportunities for agreeable creators, influencers, and media partners
Musical.ly will advantage Bytedance’s all-around arch AI technology to accession accession in video agreeable creation
BEIJING and LOS ANGELES, Nov.10, 2017 /PRNewswire/ — Bytedance, a arch AI-powered agreeable platform, and Musical.ly, one of the world’s best accepted adaptable platforms for abbreviate anatomy video, accept today appear that they accept alive an acceding for Musical.ly to absorb with Bytedance. Upon closing of the transaction, Musical.ly will abide to accomplish as an absolute platform, amalgam Bytedance’s all-around arch AI technology and leveraging its ability in China and key markets beyond Asia to enhance Musical.ly’s alms to users, creators, and partners.
Musical.ly’s co-founders, Louis Yang and Alex Zhu, and their all-around team, will accompany the Bytedance aggregation and will abide to run the Musical.ly platform. The transaction is accepted to aing afore the end of November, depending on assertive closing altitude actuality met.
Yiming Zhang, architect and CEO of Bytedance, said:
“We are captivated to acceptable Musical.ly to the Bytedance family. Louis, Alex and their aggregation accept congenital a badly able and agreeable platform, and we see actual and agitative opportunities to body on the accessible synergy with our business. By amalgam Musical.ly’s all-around ability with Bytedance’s massive user abject in China and key Asian markets we are creating a cogent all-around belvedere for our agreeable creators and brands to appoint with new markets. At the aforementioned time, our global-leading AI technology will advice Musical.ly to advance their absurd clip of accession in adaptable video creation”
Alex Zhu, co-founder and co-CEO of Musical.ly, said:
“Bytedance is an ideal accomplice for Musical.ly in abounding ways. Musical.ly’s eyes is to accomplish ball added personal, participatory and interactive, by enabling anyone to be a agreeable creator. To accomplish this, we charge to consistently innovate to accommodate new and agitative video conception accoutrement to our users, and we see AI as a analytical agency in assiduity animal creativity. Bytedance’s arch AI technologies and best AI developers can empower us to innovate faster and cycle out new user offerings clashing annihilation users accept accomplished before. At Musical.ly we accept afresh additionally been focused on accretion into Asian markets, and this affiliation will acquiesce us to admission Bytedance’s massive user abject in China, Japan and Korea, and about Asia. This will accredit us to accommodate a absolutely different acquaintance to our agreeable creators, influencers, celebrities, and media ally on the platform.”
Since it was launched in October 2014, Musical.ly has become one of the world’s best accepted amusing networks for abbreviate anatomy video, with able ability beyond the United States, Europe, South America, and India.
Upon closing, Musical.ly will advantage Bytedance’s adult AI technology to enhance the Musical.ly acquaintance for agreeable creators on the platform. Bytedance operates a apartment of articles that accommodate creators and users with a different agreeable experience, powered by some of the best avant-garde apparatus and abysmal acquirements algorithms in appliance globally. The company’s flagship product, Toutiao, is the better AI-powered agreeable belvedere in China, with over 120 actor circadian alive users anniversary spending an boilerplate of 74 account on the platform. Bytedance’s AI technology has all-around appliance and the aggregation offers a ambit of articles beyond all-around markets, including Flipagram, Topbuzz, and Tik Tok.
Musical.ly will additionally assignment with Bytedance to advance its attendance in new markets including China, Japan, Korea and Southeast Asia, area Bytedance already has a able footprint. Musical.ly and Bytedance will additionally assignment on developing new offerings for agreeable creators and cast ally to acquiesce those ally to account from Musical.ly’s all-around ability and Bytedance’s alive user abject in China and Asia.
Bytedance operates a ambit of agreeable platforms that accredit bodies to affix with, consume, and actualize agreeable through apparatus acquirements technology. The aggregation is committed to architecture access amid bodies and information. Bytedance was founded in 2012 and its flagship product, Toutiao, is the better AI-powered agreeable belvedere in China. Toutiao delivers alone agreeable recommendations to every user based on their interests. Bytedance additionally operates a alternation of articles accepted with adaptable users about the world, including Topbuzz, Flipagram and a cardinal of UGC short-form video apps.
In 2016, Bytedance accustomed an AI Lab which builds on the company’s all-inclusive and circuitous datasets to advance advanced innovations in bogus intelligence.
Musical.ly is an ball amusing arrangement that celebrates adroitness through video. The app empowers users to actualize and allotment aboriginal videos that accurate their amusement and talent, to ascertain a apple of absorbing agreeable and to affix with a all-around association based on their interests. Every day, millions of bodies use musical.ly to accurate themselves through singing, dancing, ball and more. musical.ly has hit #1 in the iOS app abundance for chargeless apps in over 20 countries. In accession to hundreds of millions of user-generated videos, the belvedere has admiring above artists, launched the careers of abounding amusing media influencers, and appearance aboriginal agreeable from some of the better ball companies.
Martin Reidy Hume Brophy [email protected]
Jingjing Zhang Bytedance [email protected]
Alex Hofmann Musical.ly [email protected]
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