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ByteDance Reportedly Developing Its Own Smartphones

Executive Summary

  • Beijing-based ByteDance is breaking into the smartphone market, according to the Financial Times. 
  • ByteDance is the parent company of popular video app TikTok. 
  • This move represents a bold move for ByteDance as the company will be entering a crowded space with established players – and one unrelated to its core social network app business.

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