Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Tech
News18 » Tech
1-min read

ByteDance Making Its Own Smartphone after Striking Deal with Manufacturer, Smartisan

The plan to delve into its own hardware comes as ByteDance looks for new business avenues beyond viral social media apps.

Reuters

Updated:July 29, 2019, 7:30 PM IST
facebookTwitterskypewhatsapp
ByteDance Making Its Own Smartphone after Striking Deal with Manufacturer, Smartisan
The plan to delve into its own hardware comes as ByteDance looks for new business avenues beyond viral social media apps.
Loading...

Chinese social media firm ByteDance Ltd said on Monday it is developing a smartphone, following a deal it made with device maker Smartisan Technology. The plans come as the tech firm expands into new sectors beyond video and news apps. In a statement, a ByteDance spokeswoman said a smartphone had been part of Smartisan’s development plans before the deal it made with ByteDance.

“The product was a continuation of earlier Smartisan plans, aiming to satisfy the needs of the old Smartisan user base,” the spokeswoman added. On Monday a sub-division of Chinese financial news outlet Caijing reported that the phone had been in development for seven months. The effort is being led by Wu Dezhou, a former executive at Smartisan, the outlet added.

Earlier this year ByteDance acquired a set of patents from Smartisan. Some Smartisan employees also transferred to ByteDance, as part of what the latter company called a “normal flow of talent.” Smartisan is a niche player in China’s smartphone sector and is best known for its flamboyant founder Luo Yonghao. ByteDance has risen to become a leading player in tech, rivaling the likes of Baidu Inc and Tencent Holdings Ltd in influence.

Douyin, the company’s app for streaming short videos, has more than 300 million monthly users in China, ByteDance marketing manager Zhi Ying said in June. TikTok, Douyin’s global-facing counterpart, has also grown popular in North America. ByteDance has recently begun investing in sectors not directly related to social media. The company has hired several staff from London-based startup JukeDeck, which specializes in AI-generated music, Reuters reported in July.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: ---
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results