Earlier in Jan, ByteDance has acquired a Chinese electronic device maker Smartisan
Social media giants Facebook and Snapchat have also dabbled into smartphone manufacturing
Smartphone users in India are projected to reach 829 Mn by 2022
TikTok and Helo’s parent company, ByteDance has confirmed its plans to foray into smartphone manufacturing. Earlier in January, ByteDance has acquired a Chinese electronic device maker Smartisan. According to a media report, a ByteDance spokeswoman has said that smartphone had been part of Smartisan development plans even prior to their acquisition of ByteDance. Also, a Chinese media report noted that ByteDance phone had been in development for the past seven months and the project is led by a former Smartisan executive, Wu Dezhou.
ByteDance founder, Zhang Yiming, had earlier said to have “long dreamt of a phone with Bytedance apps pre-installed”.