Double Click 728 x 90
Double Click 900 x 250

TikTok to invest in education business, says Owner ByteDance

Arhama AltafWeb Editor

23rd Jul, 2020. 09:46 am
Double Click 160 x 600
A TikToker girl gang-raped in Lahore

A senior executive at TikTok owner ByteDance said the company plans to invest a large amount of capital into its newly-established education technology business.

The company warned that the unit will somehow profit in the next three years.

Beijing-based ByteDance has made education technology one of its top priorities alongside video app TikTok.

Senior vice president at ByteDance, Cheb Lin, said that the company entered the education technology sector in 2016 via investments and trying out various projects, according to a transcript published by the company on social media.

ByteDance operates one-on-one English tutoring app GoGoKid and online course livestreaming app Qingbei.

Double Click 300 x 250

Download BOL News App for latest news