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Guest post by David Deal of SuperhypeOn November 9, app Musical.ly made headlines when it was reported that Chinese media startup Jinri Toutiao was buying Musical.ly for between $800 million and $1 billion. The reported sale price was especially impressive since Musical.ly (based in Shanghai) was founded only three years ago. The news was also notable for many other reasons, among them:- Musical.ly is probably the first Chinese-created social app to penetrate the United States and has managed to operate independently of the Four Horsemen (Amazon, Apple, Google, and Facebook).
- Musical.ly has demonstrated how to capture and engage the attention of Gen Z, the cohort of digital natives that is growing up mobile and app savvy.
- The app has become a multimillion dollar powerhouse even though many casual observers have absolutely no idea what anyone really does on Musical.ly.


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