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ZASH set to acquire remaining 20 % stake in TikTok rival Lomotif

Mumbai: ZASH Global Media and Entertainment on Thursday announced it has agreed to acquire the remaining 20 per cent stake in the video-sharing platform, Lomotif. In February, ZASH entered into a definitive agreement to acquire a majority controlling interest in Lomotif.

iWorld Over The Top Services
ByteDance's founder Zhang Yiming to step down by end of 2021

KOLKATA: Chinese giant ByteDance's founder Zhang Yiming has decided to step down as chief executive and move into a key strategy role at the end of 2021. The company which owns the short video platform TikTok will now be led by it's co-founder and head of human resources Liang Rubo. Yiming wrote in...

iWorld Over The Top Services
After year-long ban, TikTok India head Nikhil Gandhi quits

Kolkata: TikTok Middle East, Turkey, Africa (META), and south Asia head Nikhil Gandhi has quit, according to media reports.  Gandhi joined TikTok in 2019 as India and south Asia CEO. He was redesignated to his current position in January 2021 after parent company ByteDance decided to fold it's...

iWorld Over The Top Services
Tik Tok appoints Shouzi Chew as CEO

Chinese short-video sharing platform TikTok has tapped Shouzi Chew as the company’s new chief executive officer. TikTok’s interim head Vanessa Pappas, based in Los Angeles, will be the new chief operating officer.

iWorld Social Media
Short video platforms rise with Bharat positioning

KOLKATA: The star of user-generated content was on the rise in India due to TikTok, only to be abruptly curtailed when the government banned the Chinese-origin app. Now, nearly a year after TikTok’s exit, a number of homegrown short form video platforms have emerged to plug the gap. It seems that...

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