TikTok proprietor ByteDance is planning to move U.S. users to a new version of CapCut, its video enhancing app, based on a report from Enterprise Insider.
Launching a U.S.-specific app could possibly be a part of the corporate’s broader plan to adjust to a 2024 regulation requiring ByteDance to divest from TikTok and its different U.S. property, or threat being compelled to stop operations within the nation.
ByteDance can also be reportedly creating a brand new model of TikTok for U.S. customers forward of an anticipated sale of the app to a bunch of traders.
CapCut has been downloaded greater than 1 billion occasions on the Google Play retailer. It additionally ranks as the highest video app on the iOS U.S. App Retailer, forward of each Instagram and YouTube.
It’s at the moment unknown if ByteDance plans to create U.S.-specific apps for its different companies, Lemon8 and Gauth.