New Delhi:ByteDance, the Beijing-based parent company of TikTok, is planning to venture into the hardware world with its own smartphone.
Rumour mills began speculating after Financial Times reported ByteDance's smartphone plans citing two undisclosed sources who are familiar with the matter.
Even though a company spokesperson declined to comment on the matter, the development is hardly a surprise as smartphone pre-installs have long been a popular way for Chinese Internet companies to ramp up user sizes, TechCrunch reported on Monday.
ByteDance CEO Zhang Yiming has "long dreamt" of building a smartphone full of pre-loaded special apps.
The company also confirmed a deal with phone-maker Smartisan early in 2019, saying it had acquired a patent portfolio and hired some Smartisan employees.