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I think they all failed for the same reason, video is expensive and the markets can't pick a winner when the game can't be won without money.

But if the Chinese government wants to prop up TikTok and pick them as the winner, they can.




TikTok parent, ByteDance, already owns DouYin, which is the original APP that TikTok was based on, with significant ingestion from Musically. As a matter of fact, TikTok's previous CEO was Musical.ly's founding CEO.

Although it seems the online records are disappearing fast. I could not find a good source of the TikTok history and key figures any more...




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