TikTok's parent company confirms plans for a smartphone

A division of the financial news publication Caijing claimed that a former Smartisan executive (Wu Dezhou) is leading the project, which reportedly began seven months ago.

There’s a good chance you won’t see this phone outside of China when Smartisan is a niche brand even within the country. However, it’s a reflection of ByteDance’s growing ambitions — it’s expanding well beyond its best-known video app to develop chat clients, a reported streaming music service and even a talent contest. The company knows it’s competing with heavyweights like Baidu and Tencent, and branching out into categories like smartphones could give it a better chance of survival.

bitcoin
Bitcoin (BTC) $ 59,566.00
ethereum
Ethereum (ETH) $ 2,132.81
binance-coin
Binance Coin (BNB) $ 469.58
xrp
XRP (XRP) $ 1.40
tether
Tether (USDT) $ 0.999933
polkadot
Polkadot (DOT) $ 40.45
cardano
Cardano (ADA) $ 1.21
litecoin
Litecoin (LTC) $ 255.56
uniswap
Uniswap (UNI) $ 29.64
stellar
Stellar (XLM) $ 0.630660