-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photos
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
Focus
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food and Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
TikTok rival setting sights on US market
    2020-03-19  08:53    Shenzhen Daily

TIKTOK operator ByteDance Inc. is unusual among China’s Internet giants for the popularity it has enjoyed in the United States, but others are already following in its footsteps, led by a short video-sharing app called Likee.

Owned by Chinese social media company Joyy Inc., Likee is making its biggest global push since launching in 2017, with a particular focus on the U.S. market and the voracious media appetites of its millions of teens and millennials.

The short-video platform is operated by a Singapore entity, has already caught on in places like India and Russia and was ranked seventh in global downloads for non-gaming apps in 2019 by App Annie.

“The time is right for us now to try to really extend ourselves to other parts of the world, especially to the United States,” Mike Ong, vice president of Likee operator Bigo Technology Pte Ltd., said yesterday. Joyy, formerly known as YY, operates several social media services including game-streaming platform Huya and live-streaming app Bigo.

The company’s goal is to make the United States, where the app is already available, one of Likee’s biggest markets. That means greater investment of people and money into the country, Ong said, without providing further specifics.

Bigo’s U.S. team currently has around 100 people, half of whom are focused on content moderation. That mix echoes the overall composition of the Singaporean firm, which has 2,000 moderators from a total staff of 4,500.

Joyy’s revenue for the three months ended December surged 64 percent to 7.6 billion yuan (US$1.1 billion), helped by the strong topline growth of Bigo’s namesake streaming platform.

The company has yet to rush to make money off the much younger Likee, which is still seeing explosive user growth. Its mobile monthly active users grew 208 percent to 115.3 million for the fourth quarter, the company said. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn