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Alibaba Invests $100 Mn into its Video App – VMate

Alibaba invests 100Mn into VMate – a short video streaming app, to increase the company’s foothold in the booming Indian OTT market. VMate was earlier launched in 2016 by UC Web (Alibaba’s subsidiary) and is now one of the growing video-sharing apps. According to reports, VMate has more than 30Mn global users and is witnessing …

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ByteDance to Launch Music Streaming Platform like Spotify in India

ByteDance, the Chinese internet company behind TikTok, is now in talks to launch Spotify-like music streaming app for the Indian audience. According to reports, the company has already secured deals with two leading music labels in India – T-Series & Times Music and is expected to roll out the services around this fall. In the …

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