https://techcrunch.com/2019/10/21/is-there-room-for-a-u-s-equivalent-to-chinas-1-news-app/ > In China, Toutiao is literally big news. > Not only has its parent company ByteDance achieved a $75 billion valuation, two of its apps — Toutiao, a news aggregator, and Douyin (Tik Tok in China) — are chipping into WeChat’s user engagement numbers, no small feat considering the central role WeChat plays in the daily lives of the region’s smartphone users.