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.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
NUMERIC INDIA, A Group Brand Legrand
QUICK HEAL TECHNOLOGIES PVT. Ltd.
INFOSYS TECHNOLOGIES PVT. LTD.
SECLORE TECHNOLOGY PVT. LTD.
Technology Icons Of India 2023: Bharat Goenka
Bharat Goenka is the Managing Director of Tally Solutions. He is well ...
Technology Icons Of India 2023: Byju Raveendran
Byju Raveendran is the founder of edutech start-up Byju’s. Raveendra...
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
TECHNOBIND SOLUTIONS PVT. LTD.
TechnoBind’s business model is focused on identifying and partnering...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...