TikTok Owner Hires Talents From Google, Bing To Create Search Engine

Posted: Aug 2 2019, 6:34pm CDT | by , Updated: Aug 2 2019, 6:36pm CDT, in Technology News

 

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TikTok owner hires talents from Google, Bing to create search engine
Photo by TikTok

ByteDance, owner of popular short video app TikTok, also plans to make its own smartphones and a music-streaming app to rival Spotify.

ByteDance, owner of the popular short video app TikTok, is forming a team to develop its own search engine.

"We are building a general search engine for a more ideal user experience," according to a job listing on ByteDance's account on social media platform WeChat.

The startup’s search engine is aimed at “hundreds of millions of mobile users in China.” The Chinese company said it has already recruited talents from search giants such as Google, Microsoft's Bing and Baidu, a major search engine in China.

ByteDance's search engine will likely not be a stand-alone offering but instead will be embedded within apps such as its Jinri Toutiao news service and Douyin, the Chinese version of TikTok, according to Bloomberg News.

The company is also working to enter the smartphone business. In a statement to Reuters, a company spokesperson said the smartphone is a "continuation of earlier Smartisan plans." Early this year, ByteDance made a deal with handset-maker Smartisan Digital, in which it acquired a number of its patents and employees.

ByteDance is also looking to enter the music streaming space, with plans to launch a music-streaming app for overseas markets that is similar to Spotify. More than 100 people at the Chinese company are working on the application, according to South China Morning Post.

To support its music-streaming venture, the company quietly acquired Jukedeck, an artificial music startup based in the U.K. The acquisition was first reported by Music Ally, which noticed that Jukedeck's CEO, as well as several of its employees, now list ByteDance as their employer on LinkedIn.

ByteDance in 2018 closed a pre-IPO financing round that raised $3 billion, valuing the Chinese company at $75 billion, the Nikkei Asian Review reported. The company also secured an undisclosed investment from Vision Fund, the $100 billion fund managed by Japanese tech giant SoftBank Group.

The seven-year old company is currently considered the world’s most valuable unicorn, according to CEOWorld.

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<a href="/latest_stories/all/all/81" rel="author">Mandy Jean</a>
Mandy covers the latest news in Tech and Business.

 

 

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