Bytedance to close Vigo in India, merges with TikTok
By MYBRANDBOOK
Bytedance has decided to shut down its short video entertainment app Vigo India. The app in a notification to its users said, “We want to thank you for the time you’ve spent with Vigo. It’s you who made us who we are today. We regret to inform you that we’ll discontinue our service after 31st October 2020.”
Vigo is allowing users to transfer all their videos to TikTok. Users of the app can also transfer their remaining diamonds to TikTok manually. The merger of two different properties in India has come at a time when businesses have been cutting cost by abandoning cash guzzling verticals, downscaling ops and laying off employees.
TikTok has over 200 million users and more than 600 million downloads from India while Vigo boasts of 120 million active users worldwide with a significant user base from India. It was introduced in 2017 as ‘Hipster’ but later renamed as Vigo.
At present, Bytedance has three products in India – TikTok, Vigo and Helo. While TikTok and Vigo have witnessed very little competition in India, Twitter-backed ShareChat is an arch-nemesis to Helo in vernacular social network space. On the other hand, Bigo Live and Likee are direct competition to Vigo.
With the shutting down of Vigo, the short video entertainment space will be dominated by TikTok.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
Icons Of India : Dilip Asbe
At present, Dilip Asbe is heading National Payments Corporation of Ind...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...