) for the China market in September 2016. TikTok and Douyin are the same but run on different servers to comply with Chinese censorship restrictions. The application allows users to create short music and lip-sync videos of 3 to 15 seconds - Source: Wikipedia
TikTok, which says it has 100 million users in the U.S. and 700 million globally, is known for fun, goofy videos of dancing, lip-syncing, pranks and jokes.
TikTok said both Oracle and Walmart will take part in a financing round before an initial public offering of stock, where they can take up to a 20% cumulative stake in the company.
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