China's Bytedance scrubs Musical.ly brand in favor of TikTok

China's Beijing Bytedance Technology Co plans to announce late Wednesday that it is shuttering the popular Musical.ly video app it acquired for nearly $1 billion in December and will instead move users to a revamped version of its homegrown competitor TikTok.

from Reuters: Technology, Media & Telecommunications https://ift.tt/2n3bYef