BI PRIME: ByteDance wants to create an ecosystem that goes beyond apps.
ByteDance, the Chinese company best known for making the TikTok app, will develop its own smartphones, the Financial Times reports.
ByteDance is one of the few new social media companies to break Facebook's dominance, and is also one of the only Chinese software companies to boast a big global userbase. And there are lots of questions about whether ByteDance is capable of building a competitive phone in a crowded market. ByteDance is known for its popular apps, not for building phone camera hardware or industrial design.
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