TikTok’s parent ByteDance turns its attention to search business

TikTok’s parent ByteDance turns its attention to search business

The logo of TikTok application is seen on a screen in this picture illustration taken February 21, 2019. REUTERS/Danish Siddiqui/Illustration

When Google pulled out of the China market in 2010, it left local leader Baidu Inc. a de facto monopoly in the lucrative internet search business. Now that franchise is facing its most ominous threat yet.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter