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Merging With Musical - Ly: Bytedance Musical - Ly Shanghai Santa Monica California Social Media
Merging With Musical - Ly: Bytedance Musical - Ly Shanghai Santa Monica California Social Media
ly
On 9 November 2017, TikTok's parent company, ByteDance, spent up to $1 billion to purchase musical.ly, a startup
based in Shanghai with an office in Santa Monica, California, owning a popular social media platform targeting the
US teenage market.[19][20] Looking forward to leveraging the US digital platform’s young user base, TikTok merged with
musical.ly on 2 August 2018 to create a larger video community, with existing accounts and data consolidated into
one app, keeping the title TikTok.[20][21][22]
Douyin
As a separate app from TikTok, Douyin is available from the developer's website and has maintained the same app
title since its launch in September 2016.[27] Part of its popularity is attributable to its marketing campaigns, launching
several activities with Chinese celebrities to engage their fans' interest. For example, its marketing campaign in 2018
Spring Festival Gala alone brought an increase of 70 million daily active users. [28] In February 2018, Douyin launched
a partnership with Modern Sky to monetize music.[29]