News Snapshot:
TikTok , and its Chinese sister app Douyin, has become the fifth non-game app to surpass 3 billion global installs across app stores, a tier that used to be the exclusive domain of Facebook, despite growing competition and increasing global tensions, according to app tracking firm Sensor Tower. The four other apps are WhatsApp, Messenger, Facebook, and Instagram, all owned by the Silicon Valley-based social networking company. The short video app, developed by Beijing-based ByteDance , has amassed more than US$2.5 billion in consumer spending worldwide since its launch in 2016. Only four other non-game apps have managed to reach...
