Source: Tubefilter

VMate: Chinese Tech Giant Alibaba Invests $100 Million Into TikTok Competitor 'VMate'

After Vine's shutdown in early 2017 (RIP), few apps have emerged to fill the creative shortform video space it left behind. One of them was lip-syncing app Musical.ly, but that was purchased and subsequently subsumed last year by what's quickly become the dominant shortform player: TikTok.Now, though, TikTok may have a challenger. Chinese tech giant Alibaba has invested $100 million into VMate, and that money will specifically go toward boosting the three-year-old app's popularity in the booming Indian market, TechCrunch reports.Visit Tubefilter for more great stories.

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CEO

Cheng Daofang

CEO Approval Rating

90/100

VMate is a social network application that helps users to share and watch short videos. Read more