ByteDance Starts Selling TikTok’s AI Algorithm Globally, Including In India

ByteDance Starts Selling TikTok’s AI Algorithm Globally, Including In India

SUMMARY

Early customers include Indian gaming platform Gamesapp; Goat, the US-based fashion app; WeGo, a travel booking site in Singapore; and Chilibeli, an Indonesian online shopping start up

The service was launched silently in June as part of an effort by ByteDance to diversify its revenue streams ahead of an imminent public listing

The Indian government had banned TikTok, along with 58 other Chinese apps in July 2020, due to the rising geopolitical tensions between India and China

Chinese short video app TikTok’s parent company, ByteDance, has launched a service called BytePlus for customers across the world, including India, to sell some of its proprietary artificial technology. According to its website, early customers include Indian gaming platform Gamesapp; Goat, the US-based fashion app; WeGo, a travel booking site in Singapore; and Chilibeli, an Indonesian online shopping start up. 

A report by FT says that the service was launched silently in June as part of an effort by ByteDance to diversify its revenue streams ahead of an imminent public listing. 

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