CCTV Financial Review | Why TikTok Is Chased by International High Tech Giants

Source: The new TikTok solution of CCTV Finance has miraculously turned around.
TikTok recently released a statement saying that its parent company, Byte Beat, has reached a principled consensus with Oracle and Wal Mart, and the three parties will reach a cooperation agreement in accordance with the laws and regulations of China and the United States as soon as possible.
TikTok has influenced many international high-tech business giants.
The commercial value of this popular Internet platform, especially that of young people in various countries, has made international business giants rack their brains to propose various solutions for it.
Byte Beat is the most successful international Internet company in China and the enterprise with the highest valuation in the global private equity market.
As its core overseas application, TikTok has its business layout in 154 countries and regions around the world, with more than 800 million active users every month.
TikTok, which is pursued by international high-tech business giants, lies in the blue ocean business opportunities and huge consumption potential that this product innovation brings to the markets of various countries.
It is no coincidence or accident that TikTok's parent company, Byte Beat, can grow rapidly on the soil of the Chinese market.
It proves that if any high and new technology wants to be valuable and meaningful to all mankind, it must surmount all obstacles and barriers to seek the broadest range of human needs and open up the largest global consumer market.
The invention, creation and application of any major technology in the history of human economy: steam locomotive, airplane, radio, television, car, computer, smart phone...
It is no coincidence or accident that the development to today's scale and level.
Elon Musk, an innovation maniac, put Tesla's largest production line in Shanghai.
He knew that the Chinese market would never let Tesla down.
The blockade of technology and products will only lead to the shrinkage of production and the separation of the market.
Innovation is always a scarce product of mankind, which is why international capital keeps up with TikTok.
However, when innovative products enter the global market and obtain global application, they need to overcome many obstacles.
TikTok is also the best example.
The diffusion of digital technology is driving global innovation.
The World Bank put forward a suggestion in the important report "Innovating China" - "Cultivating new drivers of China's economic growth": hope that China will become a global leader in key emerging digital technologies such as artificial intelligence.
In addition to the innovative inventors, the world is also inseparable from smart and persistent entrepreneurs.
TikTok is just an application platform of China Byte Beating Company, and they will certainly not stop at this product.
The world is so big that every Chinese innovator and start-up company hopes that their products can appear on the world stage;
China's consumer market and consumer population are so huge that every international enterprise is certainly willing to set up their production lines in China like Tesla.
The market is watching and waiting for the final result of TikTok.
No matter what the outcome is, China's byte beating company and TikTok's global growth experience will certainly become a successful model for enterprises in the world's post developing economies to catch up with advanced countries' high-tech since the industrial revolution and the information revolution.
(CCTV financial commentator)