TikTok’s New Tools Seek to Deepen Ties With U.S. App Developers
(Bloomberg) -- TikTok, the music-video-sharing mobile app owned by China's ByteDance Inc., unveiled new tools to let third-party developers integrate their content onto its platform, seeking to deepen ties in the U.S. even as it faces growing scrutiny from lawmakers over data security.
The new features will let TikTok users edit videos in other apps, such as Adobe Inc.'s Premiere Rush, and publish them directly on TikTok, helping users create new original content. In addition to Adobe, TikTok is also teaming up with augmented-reality company Fuse.it, photo- and video-editing program PicsArt, image-animating app Plotaverse and other outside app developers.
TikTok, known for light-hearted, buzzy short videos, is one of the few Chinese internet companies to catch on in the U.S. Integration with third-party services can help apps expand into new audiences, and it's a strategy that was used aggressively by social media companies like Facebook Inc. and Twitter Inc. in their earlier years. But such integrations have also posed a threat to user privacy, primarily because users who agree to post from one app to another often share much more information than they realize.
This kind of data sharing is at the root of almost all of Facebook's privacy issues that have surfaced over the past two years. Facebook had many information-sharing relationships with third-party developers, and some of them, like the researcher who sold user data to Cambridge Analytica, took advantage of the partnership to collect massive amounts of data from Facebook users without their knowledge. Facebook has since tried to clean up those partnerships, and announced in September that it had severed ties with tens of thousands of third-party apps that were using its software.
TikTok has been downloaded more than 110 million times in the U.S., and has been growing more popular among U.S. teens at a time when tensions have escalated between the U.S. and China over trade and technology. TikTok's burgeoning popularity has made it a fresh rival to Facebook and Instagram, and has also drawn the attention of U.S. senators who see it as a potential threat.
Last week, the U.S. government opened a national security review of TikTok, according to a person familiar with the investigation. Beijing-based ByteDance bought Musical.ly two years ago for almost $1 billion to merge it with TikTok. The deal was seen as a way for the Chinese company to expand abroad and capitalize on an increasing appetite for short video. The Committee on Foreign Investment in the U.S., also known as CFIUS, which reviews deals by foreign acquirers for potential national security risks, has begun to review the purchase amid increasing concern about TikTok's expanding influence.
The companies included in TikTok's new program are likely to get a boost from the integration. For a small developer like Plotaverse, a partnership with TikTok could have a sizable impact on visibility and growth.
--With assistance from Kurt Wagner.
To contact the editor responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr
©2019 Bloomberg L.P.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?