Kuaishou pulls its video app from US after failing to dent TikTok’s market dominance

Source: Tech – South China Morning PostZynn, a TikTok clone that once topped the iOS App Store in the US, has been taken down by its operator Kuaishou Technology, in what is seen as an admission that the dominance of rival TikTok in the American market is too hard to beat.“We took the initiative and removed Zynn from the US App Store. Other overseas products will not be affected … our overseas strategy remains unchanged,” the Hong Kong-listed company said in a statement on Wednesday.Kuaishou’s shares were down 2.5 per cent to HK$105…Read More

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