ByteDance reportedly plans to launch US-specific model of CapCut

TikTok proprietor ByteDance is planning to maneuver U.S. customers to a brand new model of CapCut, its video enhancing app, in response to 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 danger being pressured to stop operations within the nation.

ByteDance can be reportedly creating a brand new model of TikTok for U.S. customers forward of an anticipated sale of the app to a gaggle of traders.

CapCut has been downloaded greater than 1 billion instances 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 providers, Lemon8 and Gauth.