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    Chinese Firm Buying Lip-Sync App Musical.ly For Up To $1 Billion

    The teen-oriented app has had exponential growth since its 2014 launch — much like Bytedance, the Chinese tech company set to acquire it.
    by Andrew Flanagan Nov 10, 2017 1 minute
    Musical.ly, which is based in Shanghai, is being acquired by Bytedance, an artificial intelligence-focused Chinese technology company. In the foreground, the mascot for Live.ly, a live-streaming app.

    Digital lip-syncing aimed at teens is officially a big, big business: Chinese tech company Bytedance has it plans to "merge" with — acquire — Musical.ly, a popular lip-synching app launched in China

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